At post-COVID-19 pandemic, Nigeria’s unemployment and fragile economic growth problems would have worsened. It is, therefore, pertinent that the government develops a framework for achieving rapid economic growth and employment generation, latest sectoral impact assessment and optimal policy response by the Board of Directors, Nigerian Economic Summit Group (NESG), has revealed. The sector’s poor contribution to the GDP growth as well as its significant contribution to employment suggests the existence of untapped opportunities for growth. Considering these, the government needs to address key challenges to growth and job creation of the selected sectors. For the manufacturing sector, NESG implored government to intensify the establishment and operations of product-specific industrial clusters.

Source: The Guardian June 03, 2020 01:07 UTC