Economist tasks FG on inflationary rates
Prof.
Tunde Adeoye, Senior Lecture in Economics at the University of Lagos, on Monday appealed to the Federal Government to tackle insecurity and fuel scarcity more seriously.
Speaking with the News Agency of Nigeria at Ota, Ogun, he said the twin challenges had contributed gravely to spiralling inflationary rate.
The National Bureau of Statistics had stated on Friday that the nation’s inflationary rate increased from 17.7 per cent in May to 18.6 per cent in June.
The June rate marked the seventh consecutive rise in inflationary rates.
Adeoye said also that the Russia-Ukraine war had impacted negatively on Nigeria’s inflationary rate.
“Farmers no longer cultivate crops because of insecurity.
“In addition, the cost of taking farm produce to markets is high because of fuel scarcity and highway extortion by security operatives.
“All these trigger prices of goods to rise and translate to higher inflationary rate,’’ he stressed.
Adeoye also urged the Federal Government to provide the enabling environment for the productive sector to thrive so that more goods and services could be provided.
NewsSourceCredit: NAN
Economist tasks FG on inflationary rates NNN NNN – Nigeria News, Latest News Updates Today
DON'T FORGET TO SHOW LOVE BY SHARING
Augustine88
- Jul 24, 2022 at 6:53 amGood
Pizzypen
- Jul 21, 2022 at 9:43 pm🤔
King Emmasco
- Jul 20, 2022 at 1:59 pmOk
Haykinz09
- Jul 19, 2022 at 10:19 pmOk
Faithel
- Jul 18, 2022 at 10:04 pmOk
RaphNora
- Jul 18, 2022 at 4:26 pmSeen
Rory
- Jul 18, 2022 at 1:03 pmOk
Faithel7
- Jul 18, 2022 at 12:48 pmOk
Hamidat01
- Jul 18, 2022 at 12:31 pmSeen
Brizhil
- Jul 18, 2022 at 12:26 pmSeem
Hollardex
- Jul 18, 2022 at 12:13 pmOk
[email protected]
- Jul 18, 2022 at 12:11 pmGood í ½í± Good
Daniell
- Jul 18, 2022 at 11:50 amAlright
Faithchibuzo
- Jul 18, 2022 at 11:49 amOkay
IseoluwaHistoryBeing
- Jul 18, 2022 at 11:44 amOk
Krenzy
- Jul 18, 2022 at 11:35 amOk
Edd
- Jul 18, 2022 at 11:35 amOk
Timany
- Jul 18, 2022 at 11:34 amOk
pearl2017
- Jul 18, 2022 at 11:25 amOkay
Josh2sure
- Jul 18, 2022 at 11:09 amSeen
You must be logged in to post a comment.
« | »
Looking for something? Search below
Home | Recent Posts | Pages
Useful Links
Information
Connect With Us
Copyright © 2021 - www.trendflow.com.ng