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Center insists on increasing productivity to support Nigerian economy



Center insists on increasing productivity to support Nigerian economy

By Ikenna Uwadileke

The president of the Center for Productivity and Public Service Development (CeProd), Prof. Sandeep Gupta, called for increased productivity, which is essential to propel the growth of the country’s economy.

A statement issued by Ceprod CEO Dr Chris Egbu and made available to the Nigeria News Agency (NAN) cited Gupta as having made the appeal at the inauguration of a council directors of seven members of the center in Lagos.

The board members are Dr Solace Akande, Dr Adeyemi Abayomi and Dr Joshua Odewale, Idris Gulu, Kelechukwu Abel, Aminu Maman and Oloyede Adeniyi.

Gupta, who stressed the importance of improving productivity in all sectors, stressed the need to achieve the personal and organizational productivity of Nigerians by 30 percent.

“It is important to continue to develop the culture of productivity in Nigeria as the way forward towards a resilient economy and an increase in gross domestic product (GDP).

“The increase in productivity is significant as Nigeria continues to recover from the 2016 recession and maintains an estimated growth rate of 2% in 2019.

“The collapse in world oil prices from 2014, combined with a decline in domestic oil production, resulted in a sudden slowdown in economic activities.

“Nigeria’s annual GDP growth rate, which averaged 7% from 2000 to 2014, fell to 2.7% in 2015 and -1.6% in 2016.

“Growth rebounded to 0.8% in 2017, to 1.9% in 2018, then peaked at 2.2% in 2019, with a further decline of 1.79% in 2020.

“This can only be improved if all stakeholders pay attention to increasing productivity in all sectors,” Gupta said.

He welcomed the appointment of CeProd board members and urged them to show commitment to strengthening and promoting the culture of productivity in Nigeria. (NAN) ()

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