TStv Africa

TStv Africa

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).”


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