The chairman of Nigeria Governors’ Forum (NGF), Abdulaziz Yari, has warned incoming governors to be prepared for another cycle of recession in 2020. Yari, Zamfara state governor who spoke at the opening the ceremony of an induction programme for newly-elected and returning governors in Abuja, said there is a possibility of a recession by the […]
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ActionAid has said that most Nigerians have slipped into extreme poverty, even though the Nigerian economy is said to be out of recession. The chairman of the governing board of the civil rights group,, Patricia Donli, said this during a press conference held after the organisation’s Annual General Meeting held in Abuja. In her address […]
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The Peoples Democratic Party (PDP) has reacted to the news that Nigeria has exited recession, saying there is nothing to celebrate until the “harsh living conditions” have improved. On Tuesday, the National Bureau of Statistics (NBS) announced that the country’s economy grew by 0.55% after five negative outlooks. But in a statement on Wednesday, Dayo […]
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Former Vice-President of Nigeria, Atiku Abubakar says recession cannot be said to have ended until all Nigerians can eat three square meals. He made the claim above in reaction to the news that Nigeria had exited recession. Recall that the National Bureau of Statistics (NBS), on Tuesday announced that the country’s economy grew by 0.55% […]
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The Presidency on Tuesday has reacted to the news of Nigeria’s exit from recession. In a statement distributed by Laolu Akande, spokesperson to Vice President Yemi Osinbajo, the Buhari administration welcomes news of Nigeria’s exit from recession with “cautious optimism and will continue to drive Nigeria’s economic growth by vigorously implementing the Economic Recovery & […]
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The National Bureau of Statistics (NBS), on Tuesday declared that Africa’s largest economy has officially exited recession. The Bureau who declared Nigeria’s worst recession in 29 years, said the west African country grew by 0.55 percent in GDP terms for Q2 2017. According to the Nigerian Gross Domestic Product report released by NBS on Monday, […]
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Dr Aminu Usman, an economist, has said Nigeria is still technically in recession, until the average Nigerian feels the positive impact of the “economic progression”. Usman, Head of Economics Department, Kaduna State University, told our correspondent that the nation had yet to fully come out of recession as claimed adding the only economic proof that […]
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The Presidential Adviser on Economic Matters, Dr Adeyemi Dipeolu, has analysed the statistics released by the National Bureau of Statistics (NBS) saying it showed the economy maintained path to recovery. According to Dipeolu, it is an encouraging indication of a steady, even if slow, progressive pace. He said by the Gross Domestic Product (GDP), figure […]
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The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has assured Nigerians that the country would get out of economic recession latest by the end of June this year. This, according to him, is based on emerging positive economic indicators to that effect. Emefiele gave the assurance at the National Assembly Complex on […]
Continue ReadingA Lagos-based financial expert, Mr Bismarck Rewane, on Friday expressed optimism that Nigeria would get out of recession by 2018 with the right economic policies. Rewane, also the Chief Executive Officer, Financial Derivatives Ltd., said this at the 2016 Independent Shareholders Association of Nigeria (ISAN) Triennial Delegates Conference/Gala Night in Lagos. The financial expert said […]
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