November 22, 2017

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BlackBerry putting itself up for sale -

Wednesday, August 14, 2013

FERMA: A convergence of intent, engagement & perception -

Sunday, August 11, 2013

Nigeria Hits CNN’s List of World’s 12 sexiest accents…. -

Wednesday, August 7, 2013

N452t infrastructure funds from capital market coming -

Tuesday, August 6, 2013

Getting the right staff for your business -

Tuesday, August 6, 2013

Nigeria, others to re-evaluate Trans-Saharan gas project -

Monday, August 5, 2013

How Nigerians use social media -

Friday, August 2, 2013

NSIA to manage N3.4tr pension funds -

Friday, August 2, 2013

GOOGLE UNVEILS MOTO X SMARTPHONE… -

Friday, August 2, 2013

Nigerian Troops Return from Mali, Storm Borno -

Thursday, August 1, 2013

Our role in the $1.09b Malabu Oil mess, by Shell -

Wednesday, July 31, 2013

FG Can’t License Hotels, Hospitality Operators, Says Fashola -

Tuesday, July 30, 2013

Why FG Must Urgently Invest in Efficient Rail System -

Monday, July 29, 2013

Lagos community begins energy generation from waste -

Monday, July 29, 2013

FG to privatise BoI, BoA in 2014 -

Monday, July 29, 2013

Cassava takes pride place in Nigeria’s agro-economy -

Monday, July 29, 2013

Future of Africa in food production depends on training, emerging technologies —Kabba college provost -

Friday, July 26, 2013

Will this fresh initiative against cyber crime work? -

Friday, July 26, 2013

Investors prefer Southwest, says LCCI -

Friday, July 26, 2013

Fed Govt stops project variation beyond 15% of initial cost -

Thursday, July 25, 2013

Why FG Must Urgently Invest in Efficient Rail System

Why FG Must Urgently Invest in Efficient Rail System... NAIJA INTEL

Investing in fast and efficient rail links between various regions in the country has been described as a potential national redistributive strategy to bring resource-poor regions closer for evenly distribution of wealth.
Consequently, the federal government has been advised to approach its nationwide rail development with a much stronger sense of urgency.
The Chief Executive Officer, Economic Associates (EA), Mr. Ayo Teriba gave this advice in a report titled: “Confronting Inter-Regional Disparities in Nigeria,” made available to THISDAY.

Teriba argued that disparities in endowments of agricultural, mineral and commercial wealth across Nigeria’s six geopolitical zones determined the rates at which the different regions could grow.
According to him, economic activities and growth in the country were largely concentrated in four regions, while the remaining two regions were largely excluded from the growth processes.
As a result of this, he called for urgent efforts to make economic growth more inclusive, with efficient rail links as a way out of the dilemma.
“Investing in fast and efficient rail links between rich and poor regions is suggested as a win-win national redistributive strategy that could bring resource-poor regions closer to needful inputs, ensure benefits of growth are more evenly distributed across regions without hurting any of the resource-rich regions, ultimately eliminate interregional growth disparities, and ensure the peaceful coexistence that is required to sustain growth.
“Nigeria needs a strong national economic intelligence apparatus like the defunct National Economic Intelligence Committee (NEIC) to, amongst other things, provide the foresight required henceforth to ensure that regional growth divergence is prevented rather than cured,” Teriba argued.
He stated in the report that the South-west gross regional output grew the most in 2012 with an absolute nominal increase of N1.4 trillion (or 21.8 per cent nominal growth), followed by the North-west with N1 trillion (16.38 per cent), and North-central with N800 billion (14.27 per cent).
These were compared to regional output increases of N123 billion (10.89 per cent) in the South-east and N100 billion (8.19 per cent) in the Northeast.

The report also showed that owing to a slight dip in oil price in 2012 after growing impressively in the preceding three years, the oil-dominated South-south recorded a slight decline of about N268.9 billion (-1.69 per cent) in regional output in 2012.
The South-south, according to the report, still had the largest gross regional product (GRP), N15.65 trillion (38.6 per cent of Nigeria’s GDP), followed by the North-west’s N8.4 trillion (20.65 per cent), South-west’s N8.2 trillion (20.26 per cent), and North-central’s N5.7 trillion (15 per cent).

Why FG Must Urgently Invest in Efficient Rail System... NAIJA INTEL

Why FG Must Urgently Invest in Efficient Rail System… NAIJA INTEL

South-east’s N1.4 trillion (3.27 per cent) and North-central’s N1.2 (3.11 per cent) trillion were reported to be the smallest GRPs in 2012, each being even smaller than the increase in South-west’s regional output that year.
It also showed that South-east and North-east did not only have the smallest economies in 2012, they also recorded the least absolute and percentage growths.

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IMAGE: www.nigeriavillagesquare.com

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