World Bank Consultant, Prof. Abel Ogunwale, said; wide-ranging reforms are needed to make Nigeria’s economy more supportable and buoyant.
Ogunwale said there was a need to reform the agricultural sector to ensure poverty reduction and greater food security.
According to him, the agricultural sector is an important part of the economy and provides a livelihood for many Nigerians.
He called for a reformed policy environment, which will ensure that the sector contributes to improve food security and poverty reduction.
According to him, the effective execution of the reform, will require improvements to agricultural institutions.
He stressed that future economic productivity could stand unless government invest more in their people to support them.
According to him, infrastructure still poses challenges that must be addressed to ensure that Nigeria achieves sustainable and inclusive growth.
He said lack of investment in infrastructure has halted the growth progress, adding that unless the government invests more in infrastructure, including power and transport, the growth will not be sustainable.
For him, the nation’s infrastructure development lagged behind other economies, particularly, poor transportation, connectivity and roads are deteriorating due to lack of maintenance investment.
He also said, promising sectors, such as agriculture, require a large amount of infrastructure, urging the government to influence the private sector through public-private partnerships to finance public infrastructure.