CBN: Inclusive Growth Initiatives Needed to Check Under-employment

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7881f33f joseph nnanna CBN: Inclusive Growth Initiatives Needed to Check Under-employment

*Targets single-digit inflation by year end

Ndubuisi Francis in Abuja

The Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN), Dr. Joseph Nnanna, has appraised Nigeria’s economic trajectory, declaring that the nation was in dire need of inclusive growth policies capable of resolving the huge unemployment and under-employment challenges facing the youths.

Nnanna, in his remarks at the launch of the Regional Economic Outlook for Sub-Saharan Africa in Abuja by the International Monetary Fund (IMF), lamented that the brand of capitalism being practised in Nigeria was not good enough and needed to be redefined to help build inclusive growth.

The CBN chief observed that besides the high unemployment rate, majority of the youths were under-employed.
According to him, the nation’s economy is expected to record about 2.8 per cent growth in 2019, but expressed regret that such would still not provide the needed inclusive growth with an…



Source: Thisday Newspaper