• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Tuesday, September 16, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Experts urge Nigeria to promote real sector to curb inflation

Inflation

The Matters Press by The Matters Press
September 22, 2022
Reading Time: 2 mins read
0
NBS reports increase in Inflation

Some economists have urged the Federal Government to tackle the rising inflation rate, by initiating viable monitory policy geared at enhancing the real sectors of the economy.

RELATED POSTS

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

‎Tinubu never abandoned the North, TMSG insists

Tinubu’s pro-business model triggers surge in capital market – TMSG

They said on Thursday in Lagos with the Managing Director, Proshare Nigeria Ltd., Mr Femi Awoyemi, saying the federal government must continue to support the productive sectors to grow.

“There is need to continue enhancing the productive sectors through adequate foreign exchange. This is because it is key for domestic manufacturers to purchase raw materials and spares for their productions.

“It will enable them to operate at optimal levels and produce substituted imported goods,” Awoyemi said.

He noted that the federal government needed to continue improving on the business climate environment to attract investment.

“Creating the right environment will lure foreign capital inflows into the economy.

The challenges associated with availability of adequate foreign exchange will be addressed and expedite economic growth,” Awoyemi said.

Also, Mr Nnamdi Infenkwe, Senior Manager, Nissi Agro Allide Services, said the federal government could check inflation by having a price control board.

“The introduction of such policy will allow for some quasi government supervisions of prices.

“The arbitrary increase of prices of commodities will be curtailed because of government interference,” infenkwe said.

He noted that the federal government could mitigate the food induced inflation by striving to ensure peace in many of the agrarian communities in the country.

“Ensuring peace in many of the farming settlements is imperative to attain food security. It will also bring down the food induced inflation, particularly now that the farmers are expected to commence harvesting in few months from now,” ifenkwe said.

Also, President, Progressive Shareholders Association of Nigeria (PSAN), Mr Boniface Okezie, said the challenges associated with climate change was one of the factors responsible for the rise of food prices.

Okezie said the federal government must endeavour to adopt recent innovations on ways to curb post harvest losses.

“Post harvest losses in many of our farming communities need to be addressed, to ensure food security in the country.

“The issues of losses is one of the major drawback and it is responsible for the delay in our quest to attain self sufficiency, particularly in food produce,” he said.

Nigeria’s inflation rate rose by 0.92 basis points to 20.52 per cent in August from 19.6 per cent recorded in July.

The increase represents the seventh consecutive monthly rise in headline inflation since February.

Food inflation also rose to 23.12 per cent in August, representing a 1.1 per cent age-point increase compared to 22.02 per cent recorded in the previous month.

The National Bureau of Statistics (NBS) disclosed this in its Consumers Price Index (CPI) report for August.

Tags: Inflation
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

‎Tinubu never abandoned the North, TMSG insists

September 12, 2025
Trading in Nigerian stock market dips further N83bn
Economy/Technology

Tinubu’s pro-business model triggers surge in capital market – TMSG

September 10, 2025
Tinubu commits to economic reforms as Nigeria marks democracy day
Economy/Technology

‎Tinubu’s achievements daze gov., opposition leaders

September 10, 2025
Nigeria targets $1.2bn export capacity for every state
Economy/Technology

‎Tinubu’s export ban on raw shea nuts will position Nigeria for $3bn annual revenue-TSF

September 2, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

‎IMF, IFC commendation for Nigeria’s economic recovery, evidence of success of Tinubu’s economic reforms – TDF

September 2, 2025
Next Post
Nigeria gets AfDB’s $14m as member of ATI

AfDB approves $20m concessional investment for COVID-19

Vulnerable Nigerian farmers to get $1m grant

Women contribute 80 percent to agriculture

Recommended Stories

UNGA: Buhari addresses the World

Buhari at UNGA, seeks debt cancellation

September 25, 2021
Celebrities rally support for Buhari

Buhari mulls education bond

November 19, 2018
Yobe state,  Egyptian firm in deal to establish meat processing factory

Beef production in S. Korea hits record high in Q2

July 22, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎
  • ‎Tinubu never abandoned the North, TMSG insists
  • Tinubu’s pro-business model triggers surge in capital market – TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us