You see, it may not be possible to have a vibrant economy when a nation is ravaged by insecurity.
These were the thoughts of the Statistician-General about why the Nigerian economy has remained stunted.
It was at a public lecture in Abuja, that the Statistician-General of the Federation, Adewale Adeniran, said Nigeria’s Gross Domestic Product, (GDP) is too poor to boost its struggling economy.
The Statistician-General called on security chiefs to end insecurity. He said: “We need national security to grow the economy”.
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According to him, when the environment is secured, people are able to access their farms, and more food would be produced for the market.
Adeniran was represented by the Head of the National Account Division, Dr. Baba Madu, at the unveiling of Impart Economic Journal, in Abuja.
Furthermore, he explained that if we had a reasonably secure environment in place, people could access their farms and produce more thereby increasing the supply chain of the economy.
“There will be more food in the market and that will force the prices down.
“We need security for the production of crude, even though the present security situation has not increased crude production, oil theft has reduced, and pipeline vandalism has.
“The economic growth in the third quarter is 2.54, which is still not sufficient enough.
To have reasonable growth, you need to have a triple increase more than the population growth rate, which is 2.6 – 2.8.
Also, he highlighted that agriculture could produce raw materials that have linkages to other sectors of the economy.
He believes that when there is an increase in the value chain, there will be an increase in additional economic activities.
“The report we released on the GDP in the oil sector, showed that crude oil production increased from 1.2 million to 1.46 million. That will help the economy a lot,” he said.
Rise To The Fight Against Insecurity
Editor-in-Chief/Chief Executive Officer of Impart Journal, Ambassador Splendour Agbonkpolor, said Nigeria’s situation currently was such that all well-meaning citizens can no longer afford to sit idle.
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As a result, he tasked Nigerians to do more physical work to boost economic development rather than praying only.
He said: “Nigeria’s problems are not natural disasters that happen in other countries, however, our problem is that of poverty which is man-made.
“Therefore, Nigerians have the responsibility to find solutions that will eradicate it and not God.“
