Nigeria’s Economy may emerge from Recession in 2021 Q1 – Emefiele
The Central Bank of Nigeria (CBN) has predicted that the nation’s economy may emerge from recession in the first quarter of 2021.
CBN Governor, Godwin Emefiele said this on Friday during the 55th annual Bankers Dinner which held in Lagos. He shared that the expected economic growth would be two percent in 2021.
“With the sustained implementation of our intervention measures, we do expect that the Nigerian economy could emerge from the recession by the first quarter of 2021, Emefiele said
“We also expect that growth in 2021 would attain 2.0 per cent. However, downside risks remain, as restoration of full economic activities, particularly in service-related sectors, remains uncertain until a COVID vaccine is produced and made available to millions of people across the world.
“Second, with the significant rise in cases in advanced markets and the imposition of lockdowns in parts of Europe, concerns remain on the impact this could have on growth in advanced economies, commodity prices and the financial markets.”
He also called for measures to “insulate our economy from the impact of these shocks through our diversification efforts, while also working to ensure that we adhere to safety protocols in order to prevent a surge in COVID-19 related cases, as this could further cripple economic activities.
May God help us in this country, you are talking about recession but you don’t even bother to cut the huge amount of money collected as salary and allowances.
Just do what you ought to do by giving those farmers grant directly without the intermediary. That is it.
You are just busy talking without policies that is friendly to us. We need diversification.
It left to do something meaningful with the money beiin generated by you not for some people to be embezzling.
If I was to be the president, people like you will not come close to my economy team. You guys have failed
SIr please we are fully tired of all these long and big grammars
The masses are suffering so much and each time you tell us one thing or the other
We are fed up please
If to keep safety Protocols In Order To Prevent a Surge In COVID-19 Related Cases, would help us come out of recession I fear that may not be possible because we don’t take preventive measures.
Hmmmm may God bless this country and her citizens….
Whatever
Got your help also let the recession not continue till 2021 dates has been our prayers let the groove be stable
SIr Please We Are Fully Tired Of All These Long And Big Grammars
The Masses Are Suffering So Much And Each Time You Tell Us One Thing Or The Other
We Are Fed Up Please
This recession control can only be accepted if it is been enacted by 202.
They are not even sure neither are they making any move to liberate this country from recession