+234-703-382-3104, +234-806-729-6988    editor@witicles.com
Witicles™ on Facebook Witicles™ on TwitterWiticles™ on Google+Witicles™ BlogSend Email to Witicles™
Witicles.com





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 5 years ago
From Abuja, Nigeria
Total Articles 266

Recent Articles From Author

# It Could Have Been Worse: 2 Remarkable Reasons Why You Should Give Thanks
# How to Overcome The Thoughts of Suicide: 3 Quick Steps To Handling Suicidal Tendencies
# Christianity Without the Holy Spirit: A Mere Religious Journey
# 2019 Elections: President Buhari’s Dream of ‘Next Level’ & His Present Lack of Shock Absorber

Namecheap.com Namecheap.com
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
Article Category >>>Business and Economy

Experts: Nigeria Will Overcome Recession Soon

By Abiola Benjamin Obayomi       Mar 15, 2017



Experts: Nigeria Will Overcome Recession Soon



Economic experts have said that the drop in inflation figure from 18.72 in January to 17.78 per cent in February was a signal that the country’s economy would overcome recession soon. The experts told the News Agency of Nigeria (NAN) on Wednesday in Abuja that the 0.94 per cent inflation decline was an indication that recession could end before the end of the second quarter of 2017.

The National Bureau of Statistics (NBS) February Consumer Price Index (CPI) indicated that inflation rate dropped to 17.78 per cent for the first time in 15 months. Mr Lawrence Ode, a development economist while reacting to the decline, told NAN that the reduction signified the commencement of a drop in the rising cost of goods and services in the country.

Ode said that the current inflation figure would ultimately have a positive effect on the purchasing ability of Nigerians and was capable of growing the country’s Gross Domestic Product. Mr Moses Odo, a Banker also told NAN that the current decline in inflation figure would impact positively on lending rate by deposit money banks and cause interest rates on loans and advances to reduce.

He said it would also stimulate the confidence of foreign investors to consolidate their investments in the country. Odo attributed the drop in inflation rate to a major slump in the core inflation sub-index at the rate of 16 per cent on all items, except food, in the month under review. Odo said it was very necessary for government to further inject additional funds to boost economic activities.

 (NAN)



  
1024


If you need to re-publish this ARTICLE, please cite this article - (https://witicles.com/experts-nigeria-will-overcome-recession-soon-24580.html) and the Writer (Abiola Benjamin Obayomi)

Do You Find This Article Helpful?


Article Tags: Nigerian Economy, Nigeria, Growth, Inflation, 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/6rjTl Experts: Nigeria Will Overcome Recession Soon Experts: Nigeria Will Overcome Recession Soon Experts: Nigeria Will Overcome Recession Soon Experts: Nigeria Will Overcome Recession Soon



Post Comment


Article Comments

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



Namecheap.com
Related Articles




Author's Articles





My Accounts Categories Useful Links Affiliate Links Follow Us
Witicles.com is not a mere article directory; but Trusted Online Article Directory of syndicated articles on 27 core topics, including health and fitness, finance, business and economy, life improvement, real estate, politics, leadership, management and education. Authors publish articles for free and share knowledge with potential customers.


Lost Password
Sign In
Sign Up
News and Society (169)
Self Improvement (149)
Business and Economy (103)
Leadership (114)
Politics (74)
Arts & Entertainment (44)
Health & Fitness (126)
Religion and Kingdom (58)
Real Estate (16)
Computers & Technology (21)
About Us
Advertise With Us
Contact Us
How To Submit Articles
Article Writing Tips
Sitemap





Leadersoil
Hubpile
Pay4ebooks
kpiBooks
Fridayposts
Flickers of Hope Foundation





CentreNDL on Facebook  Facebook

CentreNDL on Twitter  Twitter

CentreNDL on Google+  Google+

CentreNDL Blog  Blog

Send Email to Hubpile  Email