Call for Inclusive Growth: Nigerian Leaders Rally for Improved Living Standards

In a press conference held at the Arise News headquarters on Thursday, former Central Bank Governor, Sanusi Lamido Sanusi, and the African Development Bank President, Akinwumi Adesina, have called for an inclusive growth strategy to improve the living standards of Nigerians. The event, moderated by Arise News anchor, Ijeoma Nwogwugwu, saw a diverse group of Nigerian leaders, including business magnates, politicians, and development experts, gather to discuss the urgent need for economic reforms that prioritize the welfare of the average Nigerian.

According to a statement by Sanusi, ‘Our current growth model is unsustainable and does not address the needs of the majority of our population. We need a shift in focus towards inclusive growth that creates opportunities for all Nigerians, not just a privileged few.’

Adesina, who also emphasized the need for a more inclusive growth model, added, ‘We must prioritize the welfare of our people in all our economic decisions. This means investing in infrastructure, education, and healthcare, and creating an enabling environment for small and medium-sized enterprises to thrive.’

The call for inclusive growth comes at a time when Nigeria’s economy is facing significant challenges, with high levels of unemployment, inflation, and poverty. According to the National Bureau of Statistics, over 40% of Nigerians live below the poverty line, with many struggling to afford basic necessities such as food, housing, and healthcare.

The gathering at Arise News is part of a broader movement aimed at pushing for economic reforms that prioritize the welfare of Nigerians. Other notable attendees included Atedo Peterside, the founder of Stanbic IBTC Bank, and former Minister of Finance, Ngozi Okonjo-Iweala.

The call for inclusive growth is a timely reminder of the urgent need for economic reforms that prioritize the welfare of the average Nigerian. As Nigeria continues to grapple with economic challenges, it is clear that a shift in focus towards inclusive growth is essential if we are to create a more prosperous and equitable future for all Nigerians.