Wednesday, November 08, 2017
08.25AM / PwC
By Q2’17, the Nigerian economy exited recession recording a positive growth rate of 0.5%y/y. The recovery was in part due to a sharp recovery in the oil sector, driven by an improvement in oil prices and production volumes. In addition, the non-oil sector recorded a positive growth for the second consecutive quarter, spurred by ongoing recovery in the manufacturing sector due to improved foreign exchange (FX) liquidity. Asides the improvement in real GDP, the performance across several other macro-indicators suggest that the economy is on track for a broad-based recovery.
For an in-depth discussion, please contact any of the persons
Dr. Andrew S. Nevin (Ph.D)
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