Former President Olusegun Obasanjo has
observed that Nigeria’s economy is not booming yet.
He made
the observation at 52nd Annual
Service of Songs of 1st ECWA Church, Ilorin, Kwara State capital.
Obasanjo
urged Nigerians to be patient, adding that the current hard time would not last.
“This
current hard time will not last. The economy is not booming. Everyone is
feeling the heat but people should be patient. Small and large scale business
owners are all feeling it. It is normal for people to experience hardship as a
result of the current economic challenges. People should be patient; it will
not last.”
National
Bureau of Statistics had on September 5 announced that Nigerian economy was out
of recession.
NBS said
that in the second quarter of 2017, Nigeria’s Gross Domestic Product grew by
0.55 per cent (year-on-year) in real terms which indicated the exit of the
economy from recession after five consecutive quarters of contractions since
the first quarter of 2016.
Source: reubenabati.com
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