Economic expert projects positive GDP growth in Nigeria in 2023

Abiodun Adedipe

By Kennedy Nnamani

ABIODUN Adedipe, an economic expert and founder and Chief Consultant of B. Adedipe Associates Limited, has projected that there would be a positive growth in Nigeria’s GDP in 2023.

Adedipe made this revelation today during the 2023 edition of Nigeria Economic Outlook organised by Firstbank of Nigeria, with the theme: “Nigeria Economic Outlook 2023: A look ahead”

According to Adedipe, who was the keynote speaker, tax-for road swap from Dangote, NNPC Ltd, MTN would bring about infrastructural development in roads, rail and aviation sectors.

He added that expanding domestic production capacity in the manufacturing, oil and gas, agriculture and automobile industries would also contribute positively to the economy in 2023.

Adedipe noted that the rice mill in Lagos, which he described as “the largest in sub-Saharan Africa” to be commissioned this year, the Dangote Refinery and other modular refineries as well as the automobile industries have the potential to boost the Nigerian economy.

He also noted that the Nigerian economy is diversified and will bring about business opportunities in every sector of the economy.

Furthermore, Adedipe added that the 2023 general elections seem to hold good for the country’s economy, noting that the three major presidential candidates have manifestos that would enable the economy thrive if they get into power and implement the policies.

Speaking on food security, Adedipe highlighted two key areas for ensuring food security, which are availability of food and affordability of food, noting that this area has been and is still being affected by insecurity and banditry ravaging the rural areas of the country.

He therefore called on government to tackle the incessant security challenges in the country to enable farmers return to farm so as to ameliorate food security in the country.