Lack of policy direction by FG weakens Nigeria’s economic outlook, says World Bank

Uncertainty over the direction of the Federal Government’s policies has weakened Nigeria’s economic outlook, according to the World Bank’s January 2020 Global Economic Prospects report. The World Bank in the report projected that the Nigerian economy would grow by 2.1 per cent this year. The projected growth rate was described as ‘subdued’. The predicted growth rate, which the World Bank also put at 2.1 per cent until 2022, is weaker than previous projections made by the Bretton Woods institution. In the report, which was obtained by our correspondent on Monday, the World Bank explained that the Federal Government’s macroeconomic framework

By |January 21st, 2020|Categories: News|Tags: , , |0 Comments

Nigeria’s Economy ‘Is Looking Good’, Says Buhari

President Muhammadu Buhari has hailed the state of the Nigerian economy, promising that his administration will continue to implement policies that will strengthen it. The President spoke about the nation’s economy on Thursday after receiving the letter of credence from the new Ambassador of Denmark, Mr Jesper Kamp, at the Presidential Villa in Abuja. ‘‘The Nigerian economy is looking good and we look forward to making it better,’’ President Buhari was quoted as saying in a statement by his Special Adviser on Media and Publicity, Mr Femi Adesina. President Buhari Buhari told Kamp that he was pleased that the ties

By |November 1st, 2018|Categories: News|Tags: , |0 Comments
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