Recession & the Nigerian Economy: Exclusive with Prof Pat Utomi
2016 has been a challenging year for Nigeria in the area of its economy, as it witnessed a 3 consecutive negative GDP growth scenario which meant it was officially in a recession. It also signalled the nation was in a “stagflation” state as the inflation rate is at an all time high of 18.3%.
This puts policy makers in a difficult position to take the key decisions, that can revitalize the economy and this calls for a pathway and roadmap for recovery.
Proshare WebTV in this exclusive engages Prof Pat Utomi a notable Nigerian economist on key issues from the recession,recovery plans by the government,how Nigeria should engage in a global economy facing a rising tide of populism and Nigeria’s economic outlook for 2017.