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By Nongo Ngutor
Economic growth is the most powerful instrument for reducing poverty and improving the quality of life.
Both cross-country research and country and as well as Benue case studies provide overwhelming evidence that rapid and sustained growth is critical to making faster progress in every state.
If Angya’s New Deal is received by Benue people, it will generate virtuous circles of prosperity and opportunity. Strong growth and employment opportunities, improve incentives for parents to invest in their children’s education by sending them to school.
This may lead to the emergence of a strong and growing group of entrepreneurs, which should generate pressure for improved governance.
Strong economic growth therefore advances human development, which, in turn, promotes economic growth.
Our strategy of poverty reduction will have at its core measures to promote rapid and sustained economic growth.
The challenge for policy will be to combine growth-promoting policies with policies that allow the poor to participate fully in the opportunities unleashed and so contribute to that growth.
This will include policies to make labour markets work better, remove gender inequalities and increase financial inclusion.
