Witicles Experts Online Articles Directory
     
Witicles Experts Articles Directory Witicles Experts Articles DirectoryWiticles Experts Articles DirectoryWiticles Experts Articles Directory

Welcome, Guest!     Sign Up    Sign In
Sponsored Ads

Create Free Website or Blog with Hubpile

The Power Of Vision: Discover And Apply God's Plan For Your Life and Ministry






Author Box


Abiola Benjamin ObayomiAbiola Benjamin Obayomi
Real Estate is my Profession. The change we need in Nigeria begins with all of us doing things differently. Collectively, we can make Nigeria work.
Joined 4 years ago
From Ile-Ife, Osun State
Total Articles 216

Recent Articles From Author

# Nasir El-Rufai: Choosing Between What Is Popular And What Is Right
# SUCCESS SECRET: LET YOUR MIND BE ON THE FINAL PRIZE
# THE MINDSET OF FAITH: TRUST GOD BY ASKING HIM FOR YOUR NEEDS
# BREAK FREE FROM EVERY DOUBTS AND SELF-LIMITING BELIEFS

Namecheap.com Namecheap.com



Become A Witicles.Com Expert Contributor Today



Shop for Books online in Nigeria at kpiBooks.com.ng Order your favourite books online now, Save the stress & Pay online or with cash at Your Doorstep!


We help our esteemed clients develop web strategy that works!
Call us @ +234 803 578 3880




Authors Spotlight
Gboyega Adedeji  Gboyega Adedeji
Gboyega Adedeji is a Veteran Writer on Witicles.comVeteran Author
238 Articles
   I am a Nigerian and an Ambassador of Christ sent to Nigeria for the cause of His Kingdom. By divine-making, I read, teach and ... from Abuja, Nigeria


Free Online Articles Editor  Free Online Articles Editor
Free Online Articles Editor is a Veteran Writer on Witicles.comVeteran Author
137 Articles
   We challenge the minds of people towards mental and attitudinal shift and National transformation. We are the Editorial team of Witicles.... from Abuja, Nigeria


Abiola Benjamin Obayomi  Abiola Benjamin Obayomi
Abiola Benjamin Obayomi is a Veteran Writer on Witicles.comVeteran Author
216 Articles
   Real Estate is my Profession. The change we need in Nigeria begins with all of us doing things differently. Collectively, we can make Nigeri... from Ile-Ife, Osun State


Omolara Adedeji  Omolara Adedeji
Omolara Adedeji is a Veteran Writer on Witicles.comVeteran Author
60 Articles
   I am a kingdom expander and I believe in the testimony of a transformed life as the greatest testimony of all. I am a voice of God for m... from Abuja, Nigeria



Sell Your Books online in Nigeria, Earn 80% from book sales


Top Articles
CONSAT: Nigeria DTH Cable Television That Challenges DsTV, MyTV, Startimes and Others
Top 10 Reasons for Nigeria's Undeveloped Economy
INSIGHTS On Tithes & Offerings from Brother Gbile Akanni
The Pyramid of Friendship: Secret of Effective Relationships
The Quick Fix for Nigeria's Underdevelopment and Unemployment


Recent Articles
Nasir El-Rufai: Choosing Between What Is Popular And What Is Right
SUCCESS SECRET: LET YOUR MIND BE ON THE FINAL PRIZE
THE MINDSET OF FAITH: TRUST GOD BY ASKING HIM FOR YOUR NEEDS
BREAK FREE FROM EVERY DOUBTS AND SELF-LIMITING BELIEFS
JUST A LITTLE PUSH


Recent Comments
Ailsa Swan
CONSAT: Nigeria DTH Cable Television That Challenges DsTV, MyTV, Startimes and Others
14 hrs ago I have never owned a blog before but I decided that I would start to date girls online and I thought why not make a blog about it. So what can I tell you about myself? The last relationship I was in was 3 years ago. http://celebraties4u.com http://escortingurgaon.co http://gurgaonnight.com http://callgirlingurgaon.net http://escortsinmahipalpur.com

Nitya
BREAK FREE FROM EVERY DOUBTS AND SELF-LIMITING BELIEFS
5 days ago Hello Abiola Sir, I have bookmarked this post just to explore every single details and knowledgeable article for me. I was looking for the best stuff and suddently found it. I just appreciate your hard work and wishing for extra good stuff like this. url=http://www.witicles.com]Articles[/url]

Daisy
BREAK FREE FROM EVERY DOUBTS AND SELF-LIMITING BELIEFS
5 days ago Hello Abiola Sir, I have bookmarked this post just to explore every single details and knowledgeable article for me. I was looking for the best stuff and suddently found it. I just appreciate your hard work and wishing for extra good stuff like this. http://www.missjuliescorts.com

Site Clouds
Witicles, Articles, Webnigerians,Experts, Submit Articles, Become A Writer, Writing, Technology, Leadership, God, Government, Management, Nigeria, Society, Culture, Authentic Articles
Social Sharing



Sponsored Ads


Namecheap.com
Article Category >>>Business and Economy

Bismarck Rewane: Recession Will Begin To End In July

By Abiola Benjamin Obayomi       Feb 23, 2017


Bismarck Rewane: Recession Will Begin To End In July

A leading economist and financial derivatives analyst, Bismarck Rewane, has predicted that Nigeria will start to experience a ‘slow’ but ‘painful’ recovery process from the current economic recession rocking the nation in July 2017.

He disclosed this while addressing the media on the state of Nigeria’s economy. Rewane noted that the government’s quest to increase the sources of revenue, increase the tax net, block leakages, and emphasize spending on capital projects will have a multiplier effect and have a trigger point on the growth the economy, which is a surefire approach to take any country out of recession.

He said that the results from those various interventions the federal government has put in place to exit the nation out of recession will become ‘visible’ as from the third quarter of 2017.

The economist said the value of the Naira is in a better position today than it was a few days ago having gained almost two or three percent, because there is a move in the right direction made by the Central Bank’s determined effort to reform the foreign exchange market which was in shambles before now.

He encouraged Nigerians, as a people affected by the economic quagmire rocking the nation, to increase their productivity and go from protecting their businesses from competition to actual competing so that Nigeria can be competitive both domestically and internationally.

Rewane said: “Nigeria will start a slow but painful recovery process in the third quarter of 2017. This point in time, Nigeria is spending 34 Kobo on every Naira to pay interest on debt. This interest is being used to pay Treasury Bills, to fund a borrowing programme which is not sustainable mainly for consumption.

“The minister of finance has stated clearly that we cannot sustain this policy. So, what are they doing to increase the sources of revenue; trying to increase the tax net; trying to make sure that they block leakages; also trying to emphasize spending on capital projects which will have a multiplier effect and have a trigger point on growth. This is what is happening.

“We are in a better position today than a few days ago. About three days ago, the Naira traded at N520 per Dollar but today it trading at about N500/Dollar. Essential, it has gained almost two or three percent, because there is a move in the right direction. Baby steps were made major monumental shifts in direction

“So what we are seeing is the Central Bank determined to reform the foreign exchange market which was in shambles before now. What they should have done in June last year they are doing now. “The road to hell is paved with good intentions but intentions can be stated but the reality; that is, the sweetness of the food is in the eating. Nigerian people have to make a conscious effort to ensure that they increase productivity and go from protection to competition so that Nigeria can be competitive both domestically and internationally.”



From Witicles.Com: Thank you for the gift of your time. We appreciate you for reading this article published by Abiola Benjamin Obayomi. Witicles.Com is indeed your partner for your growth, effectiveness and maturity.

402 Views


If you need to re-publish this ARTICLE, please cite this article - (http://witicles.com/bismarck-rewane-recession-will-begin-to-end-in-july-24532.html) and the Writer (Abiola Benjamin Obayomi)

Do You Find This Article Helpful?


Article Tags: Bismarck Rewane, Nigeria Economy, Recession, Witicles
Save the Stress, Shop for Books Online in Nigeria - kpiBooks.com.ng
Article Source
Abiola Benjamin ObayomiAbout Abiola Benjamin Obayomi
Abiola Benjamin Obayomi Abiola Benjamin ObayomiAbiola Benjamin ObayomiAbiola Benjamin ObayomiAbiola Benjamin Obayomi

  Real Estate is my Profession. The change we need in Nigeria begins with all of us doing things differently. Collectively, we can make Nigeria work.


Social Sharing

If You Enjoyed This Article; Then, Share It On Your Social Network





     Copy This Short Link To The Article: http://i.witicles.com/ADq4E Bismarck Rewane: Recession Will Begin To End In JulyBismarck Rewane: Recession Will Begin To End In JulyBismarck Rewane: Recession Will Begin To End In JulyBismarck Rewane: Recession Will Begin To End In July



Post Comment


Article Comments

No comment found! Be the first to share your thoughts on this article!



Namecheap.com
Related Articles




Author's Articles

" " " "




Related Books

Living Rich for Less: Create the Lifestyle You Want by Giving, Saving, and Spending Smart

Full Steam Ahead!: unleash the Power of Vision in Your Company and Your Life

Start Your Own Business

The 100 Absolutely Unbreakable Laws of Business Success







Home | Advertise With Us | About Us | Contact Us | How To Submit Articles | Article Writing Tips | Webnigerians.com | kpiBooks.Com | Our Sitemap: XML HTML

Copyright © 2013-2017 Witicles. All rights reserved.