An economic analyst and managing director, Business Day Media, Dr. Ogho Okiti, has projected that the Nigerian economy’s value could grow to $800 billion within the next decade if the constraining factors undermining its potential are addressed by government.
He explained that if the economy grew at an average of seven percent at the current exchange rate of the national currency to the dollar, the economy would have grown to $800 billion by the end of 2030.
Describing the Africa’s largest economy as a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors, Okiti said the projected growth would help drive new opportunities for the citizens and a dramatic poverty reduction…
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