Why Nigeria May Fall Into Recession Again – CBN Governor, Godwin Emefiele

recession - Why Nigeria May Fall Into Recession Again – CBN Governor, Godwin Emefiele

Godwin Emefiele, the Central Bank Of Nigeria Governor has allayed fear that Nigeria may fall back into recession if adequate measures are not take to address it.

Emefiele who just got his second term tenue ratified by President Muhammadu Buhari recently identified high rate of un-employment as a major problem that can plunge the country into another recession if not quickly addressed.

He made this known while delivering a lecture at the University of Benin today, 23rd May.

His words:

“From some of my concluding remarks, you may have observed whether you like it or not, there is global uncertainty that will unfortunately most certainly, lead to another crisis.

“The question could be, how are we, as Nigerians, particularly our leaders, I am talking of Monetary and Fiscal Policy Authority, how are we preparing our country for the next set of crisis?”

 “we have luckily exited recession. We have seen inflation pending downward to about 18.72 percent in 2017 to about 11. 37 percent today. We see reserve moving up, exchange rate stabilizing but unfortunately, we still have issue and those issues bother on unemployment rate.”

The post Why Nigeria May Fall Into Recession Again – CBN Governor, Godwin Emefiele appeared first on Information Nigeria.

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