Tuesday, 23 May 2017

Oyo-Ita reveals only way Buhari’s plan will fail to pull Nigeria out of recession

The Central Bank Governor, Dr Godwin Emefiele has assured Nigerians that the country would be out
of recession in the 3rd quarter of the year following the positive economic indicators.
The governor stated this while briefing newsmen after the conclusion of that apex bank’s Monetary policy meeting in Abuja.

Emefiele noted that the positive indicators such as inflation moving upwards and GDP moving up from negative aggregate are indications that by the third quarter of the year, the country will be out of recession.
The governor, however, noted that the committee voted to keep the MPR at 14%, CRR at 22.5% and the liquidity ratio at 30%.

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