‘Economy will pick up in Q2 of 2020′

Prof. Sheriffdeen Tella, an economist and former Vice-Chancellor, Crescent University, Abeokuta, Ogun state is a Senior Lecturer at the state-owned Olabisi Onabanjo University, Ago-Iwoye. In this interview with Charles Okonji, he advises all tiers of government on major priority areas for 2020. Excerpts:

What is your take on economic projections for 2020?

The economy for the Q1 would still be sluggish, assuming that the budget is actually going to be implemented from January. The disbursement of money would be quite slow because of the civil service bureaucracy, except the government removes the bureaucracies. But I know that the economy will pick up by the Q2, should money be released adequately and appropriately, especially for capital projects.

However, the money we have to spend servicing debt is very huge, and this is not good for the country, except if we re-negotiate our debts so that we can have enough money to invest in infrastructure. So the initial thing is that the…

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