The Institute ofChartered Secretaries and Administrators of Nigeria, ICSAN, has attributed the growth recorded recently in the Nigerian economy to the expansions in the services sector, particularly in the financial and telecommunications industries.
Outgoing President of the Institute, Mrs. Funmi Ekundayo, disclosed this during her valedictory media parley held in Lagos.
Ekundayo noted that despite persistent macroeconomic challenges, including rising inflation, high cost of living, unemployment and infrastructure deficits, the economy has continued to show resilience.
She stated: Overall, I would say the Nigerian economy is growing steadily, driven by the services sector. As a nation, we must intensify efforts to diversify and reduce over-dependence on crude oil exports.