By Nkiruka Nnorom
The Boston Consulting Group (BCG), a global management consultancy firm, has proposed the promotion of financial inclusion, equitable distribution of resources, infrastructural development and formulation of requisite fiscal policies as initiatives that will drive Nigeria’s post-COVID-19 economic recovery.
The measures were highlighted in a recent BCG report titled “How to Forge an Inclusive post-COVID-19 Recovery in Nigeria”.
The report stated that the initiatives, which form part of Nigeria’s sustainability plan, are critical in staving off the COVID-19 induced economic contraction which could further compound the poverty situation in the country.
According to 2021 World Bank projections, Sub-Saharan Africa will experience a severe economic slump. It is predicted that the negative impact on Nigeria, being the continent’s largest economy and most populous country, will be grave, especially amongst the poor. A steep drop in per…
Source: Vanguard Newspaper