Economic and financial experts have predicted a positive trajectory for Nigeria’s economy, ruling out the likelihood of a recession.
These experts disclosed this recently at an Economic Summit organised by the Redeemed Christian Church of God (RCCG), Christ the Lord Parish, Lekki, Lagos.
In his keynote address at the summit, renowned economist and also the chief executive officer of Financial Derivatives Company Limited, Bismarck Rewane, highlighted that out of 12 key economic variables for the nation, seven are trending positively.
Analysing recent developments, he referred to the Monetary Policy Committee (MPC), a 50 per cent hike in telecom charges post-rebasing, inflation dropping to 24 per cent, and a reduction in money supply growth as critical factors. According to him, this indicates that volatility has decreased as the economy approaches equilibrium.
On the issue of government…
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