Inflation: Economist Tasks FG On Sustained Support For Real Sector
An Agricultural Economist, Mr Bright Okwu, says the Federal Government must sustain its investment into the real sector, in order to boost productivity and tackle the rising inflation rate.
Okwu, who is the National Coordinator of the Africa Farming Project, made the disclosure to the News Agency of Nigeria (NAN) in Lagos on Friday.
According to him, the federal government should continue to invest in various agriculture schemes so as to enhance food security.
“The government must support mechanised agriculture programmes in order to improve its harvest.
“Food index is one of the cardinal factors responsible for the rise in the inflation rate of the country,’’ he said.
He noted that the federal government must also support the total completion of various private petroleum refineries, in order to curb the inflation rate caused by imported refined products.
According to him, the federal government should sustain its key infrastructural development to stimulate growth in the economy.
“The government should partner with the private sector to build storage facilities to curb post-harvest losses.