Tag: recession
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Nigeria still in recession but out of stagnation – Onovo
A former presidential candidate, Chief Martin Onovo contested the National Bureau of Statistics (NBS) claims that nation was out of recession. Onovo who contested the presidential election in 2015 against President Muhammadu Buhari on the platform of the National Conscience Party, NCP, said the nation was in a season of stagnation, rather than being in…
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Is Nigeria out of recession? By Henry Boyo
By Henry Boyo The ‘National Bureau of Statistics’ latest overview of National Productivity between April-June 2017, has revealed that, the steady decline in output of goods and services, which began in March 2016, has now been thankfully reversed by June 2017. Indeed, total output of goods and services, in the preceding decade before 2016, generally…
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Evil, bitter, unpatriotic Nigerians angry at news of recession exit – Presidency
…Says restructure your minds before asking for nation’s restructure The presidency on Saturday accused some bitter, unpatriotic and evil Nigerians of expressing sadness at the news of the country’s exit from recession which was announced on Tuesday by the National Bureau of Statistics, NBS. This was revealed by the Special Adviser on Media and Publicity…
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Recession exit: No recovery until labour, wage issues are addressed – Aremu
The organized labour has said Nigeria economy had the potential of faster recovery not just exiting recession, if the Federal and states’ governments had put an end to current persistent crisis of compensation of the working class manifesting in what it terms as “criminal” non-payment and delayed payments of salaries by many states governments despite…
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Your claim of exiting recession meaningless, Nigerians still can’t afford 3 square meals – Fayose blasts Buhari
Governor Ayodele Fayose of Ekiti State has said President Muhammadu Buhari does not deserve accolades for the nation’s recent exit from the economic recession because Nigerians in their large numbers are still hungry and sick with no food nor drugs in sight. TheNewsGuru.com reports that the National Bureau of Statistics on Tuesday confirmed that Nigeria…
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Nigerians will gradually feel impact of exit from recession – NBS
The Chief Executive Officer of the National Bureau of Statistics (NBS), Yemi Kale, has said that the effect of Nigeria coming out of recession will not be immediately felt by the people. Mr. Kale, the Statistician-General of the Federation, made the statement in Abuja on Wednesday at a news conference. “There is a different stage…
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How Buhari took Nigeria out of Recession – Lai Mohammed
The Minister of Information and Culture, Lai Mohammed, has said that taking Nigeria out of recession did not happen by accident but a culmination of hard work and fidelity to well-articulated economic policies by the President Muhammadu Buhari led administration. The minister spoke in Kano on Wednesday at the Fourth Annual Conference of the Association…
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Exiting recession is meaningless if peoples’ lives do not improve positively – Buhari
…as President receives his Nigerien counterpart, Mahamadou Issoufou in Daura President Muhammadu Buhari on Tuesday said he won’t rest on his oars until the ordinary Nigerian on the street feels the positive and economic impact of the nation’s exit from recession. TheNewsGuru.com reports that the President said this while receiving his Nigerien counterpart,…
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Nigeria’s exit from recession shows Buhari is working- Presidency
The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina has said the nation’s formal exit from economic recession on Monday is a prove that President Muhammadu Buhari is working hard to fulfilling his 2015 campaign promises. Adesina was quoted as saying this while addressing a solidarity rally organised by the Centre…
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South African confirms exit from recession
South Africa’s Statistician-General, Pali Lehohla has confirmed the exit of his country from economic recession. Lehohla said in Pretoria that the economy expanded 2.5 per cent in the three-months to the end of June after contracting by 0.6 per cent in the first quarter and by 0.3 per cent in the final quarter of 2016.…