President Buhari said in May 10 2015, “In the economy, we have to quickly turn to agriculture and mining because that is where you can do the quickest work and earn results.” The GDP Q3 Analysis shows there is a… Continue Reading
So data does nor misrepresent. Compare 2015 GDP Quarter three growth to 2016 GDP Quarter three Gentleman. ..we are deep into a recession…lets stop sugarcoating it. Year to date GDP is negative (-1.58%)..Nigeria has to grow 4.32% by December 2016… Continue Reading
Nigeria still under grip of recession as GDP in Q3 2016 contracted by -2.24% year on year. Year to date GDP stands at -1.58% Source (Nigerian Bureau of Stastics)
The Background The Nigerian economy posted a GDP decline of 2.06% in June 2016, as compared to 0.36% in March 2016 implying two negative GDP quarters, so formally Nigeria is in a recession. The last recession Nigeria… Continue Reading
We have just September 2016 to avoid a recession which started in June 2016 from continuing and deepening. This 2016 recession I argue again is not as a result of a fall in oil prices but sustained by an attack… Continue Reading
Some people don’t like numbers, so let’s look at the pictures. Look at the map of State GDP below…. Look at Abuja, look at Bayelsa, Abuja is green, thus high GDP, Bayelsa is white, thus low GDP, however, the wealth… Continue Reading
The economy is slowing down as household spending is imparted due to higher costs of food, fuels and electricity. …
