Major challenge with Nigeria’s 4.43% GDP growth – Economist, Oyedokun

A Professor of Accounting astatine Lead City University, Prof. Godwin Oyedokun, has explained the large situation with Nigeria’s 4.43 percent Gross Domestic Product (GDP) maturation successful the 2nd 4th of 2026.

Oyedokun, who spoke successful an interrogation with DAILY POST, said the maturation was grounds that the Nigerian system was gaining momentum, peculiarly arsenic the services and cultivation sectors led the expansion. However, helium noted that the maturation had yet to construe into improved surviving standards for Nigerians.

According to him, the large situation was translating macroeconomic maturation into improved payment for households crossed the country.

He said Nigerians were much acrophobic astir whether their existent incomes, purchasing power, employment opportunities and quality to spend basal necessities had improved than the header GDP maturation figure.

“GDP maturation should not beryllium confused with improved surviving standards,” helium said.

Oyedokun explained that an system could grow portion households continued to conflict if the maturation was not sufficiently productivity-driven, employment-generating and income-enha...