Oyo NES urges residents to take advantage of robust service sector, digital growth,agric in Q3

Oyo NES urges residents to take advantage of robust service sector, digital growth, agric in Q3








By
Olawale Ogunbusola, Ibadan.








The Oyo State Chapter of the Nigerian Economic Society [NES] has called on residents of the state to take advantage of the positive economic outlook expected in the third quarter of 2025 in various sectors of the economy by engaging more in productive activities. 

Experts have projected that the real  Gross Domestic Product [GDP] growth would  be around 3.4 per cent, which would be supported by the new domestic refinery and increased oil production. 

According to Agusto & Co, inflation is expected to moderate in the third quarter, and would result in  a relatively stable naira. It is also projected that there would be a  robust service sector and  potential for growth in the digital economy in the third quarter. 

Reacting to these projections, the Oyo NES urged the state residents to key into the expected growth in the sectors. The Chairman of Oyo NES, Dr Alarudeen Aminu,  in a statement made available to journalists in Ibadan, said the residents ought to engage productively in service, digital, and agricultural sectors in order to  optimise the benefits therein. 

Dr Aminu said:''The service sector, comprising finance, real estate, business services, general government services, wholesale and retail trade, and others, remains the most active sector. Again, it has been projected that the digital economy would experience a boom in this quarter. We call on our youth and other economic agents to key into this sector.  Importantly, with huge investment in agriculture by the state government and rapid growth in the sector, we urge the youth and other residents to look into  this direction''.

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