Nigeria, Oct. 26 -- Anambra State Governor, Chukwuma Soludo, has said Nigeria needs an annual economic growth rate of at least nine per cent to significantly reduce poverty and create jobs.

Soludo made the remarks on Monday at the Nigerian Economic Summit 32 (NES32) in Abuja, themed "Growth that Works: Delivering Jobs, Productivity and Shared Prosperity".

He said Nigeria's current growth rate of about four per cent was insufficient to achieve rapid poverty reduction and generate enough employment opportunities.

The governor added that the country would need to grow by at least 12 per cent annually to achieve a $1 trillion economy by 2030 or 2040.

He also said Nigeria's investment rate, estimated at between 17 and 20 per cent, must in...