Dr Doyin Salami has revealed that the aggregate inflow of Foreign exchange into the country hit $24Billion in 3rd quarter as against $15.33Billion recorded in 2nd quarter in 2016.


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But Salami, who said this when he spoke on the outlook of the Nigerian economy in 2017, at the Redeemed Christian Church of God, King’s Court Parish, Victoria Island, Lagos, at the weekend, pointed out that the aforementioned amount of forex inflow recorded in the third quarter of last year was paltry, compared with an aggregate of $97 billion earned by the country in 2014.

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According to Salami this poor outlook for the country.As a nation, how we come out of recession is as important as staying out of recession. If we come out of it in a manner that sends us back to it two years down the line, because what we did to come out of it was unsustainable, that would be too bad.

If we come out of it in the right way, it is going to be gradual. So, for me I see growth around one and two per cent for 2017. My expectation for inflation in 2017 is going to be around 13 per cent. My hope is that the central bank would be a bit more consistent because last year, those of us responsible for monetary policy managed to speak from both sides of our mouths.

Dr Doyin Salami is a member of Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN)

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Not surprised with the way the current administration is going who knows what will happen nwxt