Some economists have advocated taking of practical steps by the Federal Government to review its economic recovery and growth strategies for Nigeria to be able to evade imminent global recession.
They said that insecurity, high inflation, high cost of living and Russia-Ukrain could lead the country into recession, and called for actions to tackle them.
Speaking in Benin, Dr Okpara Udensi, the Manufacturers Association of Nigeria (MAN), Edo/Delta branch, urged government to appraise its intervention strategies geared towards economic recovery in the country.
Udensi said that the Nigerian government needed to implement strategies that would promote business growth in the country.
According to him, going by the economic indices, Nigeria is already at the level of recession due to high inflation rate, insecurity, high cost of living and high Naira to Dollar exchange rate.
He however pointed out that the high cost of living was also applicable to other countries.
‘’This is also rocking the British politics; the Prime Minister Liz Truss had to resign because of the pound sterling falling.
“I think in terms of reality in the whole world, things are not getting really good, but in Nigeria, because of lack of infrastructure, the impact is hitting
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