Investment in critical economic sectors’ll ensure double-digit growth – Expert

Jodor Asset Management Limited says Nigeria’s economy will rebound with new generation of global investors, industry players and consumers.

In an interview with the news Agency of Nigeria Sunday in Abuja, the Founder and Chief Executive Officer of the company, Mr Nduka Ofulue, said investments in key sectors of the Nigerian economy will show double-digit growth within three to four quarters.

He said that the DiČX Africa project was designed to achieve sustained value across the Nigeria commodity sector using technology and innovation.

“The cost pull effect on global commodities and material value has seen traders and merchants struggle to meet absolute returns for investors.

“This is as a result of the issues arising from domestic Insecurity, the CBN cashless policy, the lingering economic fall-out from Covid-19 and the international funded war in Ukraine.

“Many of Africa’s once calm and bouyant economies are struggling to generate organic growth.

“The International Monetary Fund (IMF) forecasts for the 10 major economies in Africa are dire,” he said.

According to Ofulue, value is being eroded with more money giving birth to less quantity for Africa’s consumers.