RESPONDENTS IN JOS FAULT NIGERIA’S EXIT FROM RECESSION

Written by on September 11, 2017

The recent reports by the National Bureau of Statistics that Nigeria economy is officially out of recession is generating reactions from respondents in Jos with many of them rejecting the report as out of tune with current economic realities

Correspondent JAMES ABRAHAM who sampled the opinion of residents in Jos and environs at the week end reports that majority of the respondents faulted the indices used by the government agency to arrive at the conclusion.

While some respondents said the impact of Nigeria’s exit from recession has not been felt as evident in the market with prices of goods and services still high, others insisted that the report only succeeded in lending credence to the belief that the ruling APC administration has lost touch with Nigerians both at the state and federal levels

An Economist , Jeremiah Zingina who agrees with the Governor of Central Bank, Godwin Emefiele ,that a great work must be done on the fiscal side of the economy to prevent it from sliding deeper into recession said that statistics rarely work in Nigeria adding that until the cost of living reduces, more strategies need to be put in place by the government to sustain economic recovery

It would be recalled that the National Bureau of Statistics had disclosed recently that Nigeria had exited its worst economic recession in more than two decades citing an increase by 0.55 percent GDP growth rate for the second quarter of 2017, which they claimed was a leap from the negative figure of -0.52 percent recorded in the first quarter of 2016

JAMES ABRAHAM


Reader's opinions

Leave a Reply

Your email address will not be published. Required fields are marked *


[There are no radio stations in the database]