On Tuesday, Tuesday, said that there were strong indications that Nigeria was gradually exiting economic recession.
Dr. Adeyemi Dipeolu, the Special Adviser to the President on Economic Matters, stated this is in a statement while releasing the The 2017 Q1 GDP figures. He said that there was a turnaround in the manufacturing and non-oil sectors, adding that there was also an increasing reduction in the sectoral negative growth.
The statement made available to State House correspondents read thus: “The latest figures released by the National Bureau of Statistics show that the economy shrank by 0.52% in the first quarter of 2017 (Q1 2017).
“Although the economy remains in recession this is the strongest performance in five quarters and shows a significant turnaround from the low of -2.34% reached in the third quarter of 2016 (Q3 2016).”