World Economics says Nigeria’s economy has climbed out of recession.

World Economics is an organisation dedicated to producing financial analysis, insight and data relating to questions of key importance to the world economy.
In a message on its website, the organization believed that things were turning around in Nigeria.

It wrote, “March Sales Managers’ Index (SMI) data suggests that the Nigerian economy is starting to grow out of the recession which saw 10 months of consecutive contraction.

“The Market Growth Index grew to 53.5 in March as the monthly Sales Growth Index edged up to 51.3, its highest value since March 2016.

“It is too early to speculate if the recovery is built on solid fundamentals for a sustained recovery but the changes reflected are not insubstantial.

“Price inflation for March, which is tracked by the Prices Charged Index, remained high at 61.3 – and indicative that very high levels of inflation continue.

“Overall, conditions in Nigeria have improved over the past month and managers are expressing optimism that the economy will continue to grow.”

Source:http://newsreporters.co.uk/2017/03/22/breaking-news-nigeria-has-moved-out-of-recession-world-economics-video/

Let the common masses feel it first before their jubilation goes haywire.

He should not jubilate yet.


Until the common man feels it on the street.

Jubilation?......amnesty international Vexing

Push to main page, let the jubilation start.[color=#006600][/color]

Problem of the masses is not recession but inflation that comes with it.

Now that "recession is over" how do we combat inflation and stop people from profiteering?

We know nigerians are greedy. Whatever goes up hardly comes down.
They should cut down the price of petroleum first. let's start from that.

until one basket of garri is sold at #450 I will not be convinced

'Out of recession' is not what is read on the news, it is what is experienced in the market.
Has cement returned to N1,200 a bag?
Has a bag of 50kg rice returned to N9,000?
Is pure water back to N5 a sachet?