Business: Sanusi, Peterside Call for 10% Economic Growth to Lift Nigerians Out of Poverty

According to reports, the Emir of Kano, Muhammadu Sanusi II, and businessman Atedo Peterside have called on the Federal Government to prioritize a 10% economic growth to alleviate poverty, create jobs, and improve living standards in Nigeria. The call comes amidst concerns about the country’s current economic growth rate, which hovers around 4%.

The reports were first published by Tribune Online and have been corroborated by Vanguard News.

The economic growth target is seen as crucial to lifting millions of Nigerians out of poverty. Sanusi and Peterside argue that the country cannot afford to celebrate economic growth of 4% while millions of Nigerians remain impoverished.

Sanusi, a prominent Nigerian figure, is known for his outspokenness on economic issues, while Peterside, a businessman and founder of Stanbic IBTC Bank, is a respected voice in the Nigerian business community.

The call for increased economic growth is particularly relevant in the context of Nigeria’s growing population and the challenges posed by unemployment, poverty, and underdevelopment.