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World Bank Says Nigeria Will Soon Recover From Economic Recession - Business - Nairaland

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Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim / How To Survive And Win During This Economic Recession / Nigeria Worst Place To Do Business; 169th In The World Ranking— World Bank (1) (2) (3) (4)

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World Bank Says Nigeria Will Soon Recover From Economic Recession by ayod426: 6:40pm On Mar 16
By: Linkon Brown

The World Bank Group says Nigeria will soon recover from economic recession.

Mrs Eme Essien-Lore, Country Manager in Nigeria, International Finance Corporation, a member of the group, made the observation in an interview with journalsits in Lagos on Thursday.

”In our perspective and with the numbers that we have seen coming from the World Bank and the International Monetary Fund (IMF), Nigeria’s economy has recorded about one per cent real growth.

”That is a bit lower than government’s expectation which is about 2.2 per cent growth for 2017.

“It is a bit modest, but we certainly expect that the economy of Nigeria will rebound and recover from last year’s recession, ” she said.Essien-Lore commended Federal Government`s new economic plan, but said that there was need to set priorities for implementation of the plan by the year 2020.According to her, the plan is very comprehensive, ambitious and thoughtful.

She said that the World Bank had been consulting with the Nigerian Government on the plan, saying that the bank was happy that the plan had been published.

”Now we can sit down and look at it to see how we will align our objectives around what the government wants to do.Essien-Lore said that the plan was an opportunity to look at the priorities and what the World Bank could do for the Nigerian government as ‘it comes up with its development agenda’.

”The plan is for 2017 to 2020, it is a relatively short period, but we need to know what the priorities are and collectively work with government on how to achieve them, ” she said.On the high rate of unemployment in the country, Essien-Lore urged the Nigerian government to partner with the private sector to create more quality jobs to reduce poverty and prevent social unrest.She said that Nigeria was growing very fast and would soon become the third largest country globally, after India and China.

This, she said, would increase unemployment rate if adequate job were not provided for the expected huge population.”A World Bank reports stated that between 2010 and 2030, there will be a need for 40 million additional jobs.

“This will mean that 40 million Nigerians will need to enter the workforce within that period to boost the nation’s economy.”The government needs to consider this by creating more jobs, especially for youths.

Nigeria has the financial and entrepreneurial resources to create those jobs, ” she stressed



source:http://www.vanguardngr.com/2017/03/world-bank-says-nigeria-will-soon-recover-economic-recession/
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by GlorifiedTunde(m): 6:44pm On Mar 16
I pray.

2 Likes 2 Shares

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by Gentle034(m): 6:54pm On Mar 16
We have been hearing that since, still prices of food day increase every hour. Imagine eggroll now na #90.

12 Likes 2 Shares

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by Emjay1310(m): 7:03pm On Mar 16
What the developed countries is doing to developing countries is not good. I don't care what the world bank says about our present state as an economy. what i am interested in is to see that we begin to grow our own products locally so that we don't have to depend on any country for the basic necessities of life. That is what is affecting us in this part of the world

34 Likes 1 Share

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by Akshow: 8:34pm On Mar 16
Amen

1 Like

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by TINALETC3(f): 8:35pm On Mar 16
Story

1 Like

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by emmanuel2015: 8:35pm On Mar 16
Rubbish
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by pokipoki: 8:35pm On Mar 16
This is real good news

2 Likes

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by dadavivo: 8:36pm On Mar 16
Not with the illiterate as President
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by abejide1000(m): 8:36pm On Mar 16
Who cares!! Na today we dey hear all these kind things? Well not until I hear from Lie Moha.med. I always believe him

1 Like 1 Share

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by Temptee101(m): 8:37pm On Mar 16
With a sick president...? ifa hear

1 Like

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by Pearly255(f): 8:37pm On Mar 16
Glory be to God
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by ugochukwufrenzy(m): 8:37pm On Mar 16
GlorifiedTunde:
I pray.
no be for mouth!
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by Flexherbal(m): 8:37pm On Mar 16
Good
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by sakalisis(m): 8:37pm On Mar 16
Ok
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by Franchise21(m): 8:37pm On Mar 16
Good news

But let this Govt work towards it

Heaven helps those who helps themselves
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by omhor(f): 8:38pm On Mar 16
Eh-eh, wetin I hear so, praiiiiise God, halelluyah.
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by trustyshoess(f): 8:38pm On Mar 16
Whoever said that is not an average man living in Nigeria. Yarning dust from their air-conditioned 24/7 electricity office. Nansense

3 Likes

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by khristals(m): 8:38pm On Mar 16
Wetin them sabi.. Abi them follow me dey buy 1 cup of garri 50 naira angry APC I hope this is not your ploy for another term shocked undecided It will NOT work!! angry
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by Arewa12: 8:40pm On Mar 16
I pray so people can patronise my business



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1 Share

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by Jolar101(m): 8:40pm On Mar 16
Who asked you?

Keep those talks to yourselves abegy. We have heard them several times.

2 Likes

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by DirtyGold: 8:41pm On Mar 16
So, it is world bank that'll tell Nigeria what is in it's future?
Okay prophet world bank, we have heard cool

What's tha business?
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by yjgm(m): 8:41pm On Mar 16
PMB is back and the good news continues. The naysayers will be hitting the rock. I repeat, the presidency is a joint one. The President and VP are one joined on a ticket. We will get out of this economic conundrum

3 Likes

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by Nobody: 8:42pm On Mar 16
Good news at last, We pray so
smiley
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by UltimatedeBest(m): 8:42pm On Mar 16
Gentle034:
We have been hearing that since, still prices of food day increase every hour. Imagine eggroll now na #90.

Egg roll is #100 and #120 for my side depending on d quality. Something we used to buy #50 b4 Buhari came on board.
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by Philinho(m): 8:42pm On Mar 16
they should not tell us,we know
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by INTEGRITYA1(m): 8:43pm On Mar 16
We believe and hope so.
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by kidman96(m): 8:43pm On Mar 16
Jolar101:
Who asked you?

Keep those talks to yourselves abegy. We have heard them several times.
trustyshoess:
Whoever said that is not an average man living in Nigeria. Yarning dust from their air-conditioned 24/7 electricity office. Nansense
abejide1000:
Who cares!! Na today we dey hear all these kind things? Well not until I hear from Lie Moha.med. I always believe him
emmanuel2015:
Rubbish
TINALETC3:
Story
Gentle034:
We have been hearing that since, still prices of food day increase every hour. Imagine eggroll now na #90.

7 Likes 1 Share

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by highrise07: 8:44pm On Mar 16
......

3 Likes

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by Semper247(m): 8:44pm On Mar 16
dadavivo:
Not with the illiterate as President

You will just die of hatred, die for nothing....

5 Likes

Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by Temitope223(m): 8:45pm On Mar 16
PayPal fund available for sell 145$ interested? whatsapp me via my signature
Re: World Bank Says Nigeria Will Soon Recover From Economic Recession by Emmylyon(m): 8:45pm On Mar 16
K

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