Economic growth not filtering down to the Grassroots – Igbokwe
Category: Nigerian Economy
July 19, 2012 / PROSHARE NEWS
PricewaterhouseCoopers’s (PWC) Country Senior Partner, Ken Igbokwe says the reason Nigeria is not realising the expected economic growth by 13% is, “because some of the growth is not filtering down to the grassroots.” But in his opinion, he thinks the government is conscious of that and is trying its best.
PWC however says it is playing the role of influencing the Agriculture sector of Nigeria with prospective clients from the Middle-East. Igbokwe adds that the services providing firm, PWC has worked with the Nigerian government in restructuring the Agriculture sector.
On the Nigerian Capital Market, the Country Senior Partner maintains that the Capital Market reflects the state of an economy, judging that the current situation may not be easy to avert but that the fundamentals are currently being addressed.
Global Chairman, Dennis Nally who visited Nigeria on the heels of the outcome of the company’s CEOs annual survey, noted that no matter how well any Capital Market is doing now, the implications of other Capital Markets would be felt on the improving Bourse. Nally attributed the volatility effects to the inter-twined relationships between Exchanges globally.