SEYI MAKINDE – ON ECONOMIC GROWTH
“Economic growth alone will not reduce poverty in Oyo state. Our state with an estimated 29.4% poverty rate needs to transform its local economy so that growth benefits all and reduces inequality. Investment is a vital ingredient of such transformation – but only if they are transparent and fair”
Under this sector, both micro and macro economic principles would be deployed so that all variables gear towards economic sustainability will be given adequate attention to. Short term and long term investments should be addressed.
If the households income improve, the purchasing power of individual will go up. The industries will produce and people will be able to spend more thereby boosting the economy.