MrPresident1:
The Nigerian population grows averagely by 2.7percent per year. If the economy grows by only 0.8 percent in 2017 and 1.9 percent in 2018, then technically we are not making progress.

Your economy must grow faster than your population for you to experience a better life, therefore total growth in 2017 is -1.9 percent and 2018 -0.8percent

Prognosis:

Not yet uhuru, economic challenges for the average Nigerian will persist beyond 2018

God is watching

mrvitalis:
It's obvious the economy is getting better

But are we setting enough structure to make sure what happened the last time don't repeat again I'm not too sure

Truth234:


This is the economy just coming out of recession and was growing at 7 percent before global oil glut. Give it some time, business confidence is growing and so is FDI. I don't see 1.9 in 2018, its more like 2.6 -3 percent. IMF are very pessimistic.

ULSHERLAN:
Slow progress better than no progress

Truth234:


This is the economy just coming out of recession and was growing at 7 percent before global oil glut. Give it some time, business confidence is growing and so is FDI. I don't see 1.9 in 2018, its more like 2.6 -3 percent. IMF are very pessimistic.

Truth234:
. Also, while the fund expects global economy to grow next year, the U.K. economy is projected to further slowdown to 1.5 percent in 2018.

“We forecast in the pre-referendum period, as did others, there would be long run negative effects on the British economy,” Obstfeld said. “I think we’re starting to see those.”

Canada is predicted to grow at 3 percent rate this year, the fastest among group seven nations. The U.S. 2.2 percent, Germany 2 percent, U.K. 1.7 percent, France 1.6 percent and Italy and Japan 1.5 percent each.

http://investorsking.com/nigerias-economy-to-grow-by-0-8-in-2017-imf/

Truth234:


Accordingly, the IMF revised down U.K’s economic growth for 2017 by 0.3 percent to 1.7 percent, saying Brexit would weigh on the economic growth. Also, while the fund expects global economy to grow next year, the U.K. economy is projected to further slowdown to 1.5 percent in 2018.

“We forecast in the pre-referendum period, as did others, there would be long run negative effects on the British economy,” Obstfeld said. “I think we’re starting to see those.”

Canada is predicted to grow at 3 percent rate this year, the fastest among group seven nations. The U.S. 2.2 percent, Germany 2 percent, U.K. 1.7 percent, France 1.6 percent and Italy and Japan 1.5 percent each.

http://investorsking.com/nigerias-economy-to-grow-by-0-8-in-2017-imf/

omohayek:

No, they're being realistic. You're the one who's being overly optimistic here. There is no chance of the Nigerian economy reaching even 2% growth as long as Buhari insists on his absurd "strong" Naira policy remaining in place, keeping FDI flows low even as his government goes on a borrowing spree that crowds out private borrowers.

Pedantry aside, Nigeria is currently still in recession by any popular understanding of the term. As someone pointed out earlier, about 3% GDP growth is needed just to keep income per head stable. The worst thing about this recession is that it is entirely man-made, caused by a barely literate, sick, old ex-soldier who thinks he understands monetary policy better than economists.

Truth234:


Currently, just Investors & Exporters window has done over $7 billion in transaction volume between April and August. If those were not exchanged by foreign investors I don't know who.

Two, the IMF projected that Nigerian economy will contract by 3.1 percent in 2016. The economy shrank 1.6 percent and the same IMF predicted a recovery of 3.5% in 2017. Oga IMF is forecasting exactly like Baba Ijebu lotto players. Take them serious at your own risk.

Oh sorry, they also projected that U.K. economy will grow at a mere 1.1 percent rate in 2017. As the economy remained resilient in the second half of last year, a humble pie was forced down their throat, doubled estimation early this year to 2.1% and now 1.7 percent.

My friend just like IMF you are deluded.

MrPresident1:
Isn't it shameful, and does this not tell about the level of intelligence of the average Nigerian (youth) that a monumental thread as important as this forecasting that 2018 will be a tough(er) year economically for the average Nigerian despite everything that they have been through in 2016 and 2017 has not been able to cross 1page?

Amoto94:
Take IMF serious at your own peril is the economy as bad as its being portrayed by IMF? The answer is no.
Is there any room for improvement? The answer is yes.

One of the reasons for the slow growth rate is the nonpayment of salaries by abt 2/3 of our state governors leading to shortage in money circulation.

Blue3k:


What growth rate are you predicting for Nigerian economy by years end.