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Nigeria Will Continue To Experience Sluggish Recovery – Fitch - Politics - Nairaland

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Nigeria Will Continue To Experience Sluggish Recovery – Fitch by Ikeboboafri: 4:22am On Jun 12
Fitch Ratings, a global ratings agency has stated that Nigeria will continue to experience sluggish recovery following a weak business climate, regulatory uncertainty in the oil sector and tight credit supply which has held back investment.  The agency which predicted that the country’s GDP growth would average 2.2 per cent in 2019-2020, below its previous 10-year average of 4.2 per cent and the current ‘B’ median of 3.4 per cent, added that the high unemployment and inflation would constrain private consumption. 

Fitch who affirmed the country's long-term foreign-currency issuer default rating at ‘B+’ with a stable outlook, stated that Nigeria will continue to experience a sluggish recovery, driven by the rebound in oil prices and the expansion of services.

“A large infrastructure deficit, which is illustrated by acute power supply shortages and security challenges, also dampen the medium-term growth outlook. Nigeria’s ratings are supported by the large size of its economy, a track record of current account surpluses and a relatively low general government debt-to-GDP. This is balanced against poor governance and development indicators, structurally low fiscal revenues and high dependence on hydrocarbons. The rating is also weighed down by subdued GDP growth and inflation that is higher than in rating peers," it said.


https://unclesuru.com/2019/06/12/nigeria-will-continue-to-experience-sluggish-recovery-fitch/

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by Ikeboboafri: 4:23am On Jun 12
sad sad sad
Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by Lifestone(m): 4:34am On Jun 12
I am not feeling PMB sense of urgency to fix the economy.
There are no open discussions on what new things to do. Remember that all the rice pyramids have disappeared, no need for trade money again.
Truth is that we have not stop deceiving ourselves but time is not on our side

24 Likes 1 Share

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by raker300: 4:37am On Jun 12
And see her citizens rejoice over political appointments that in no way benefit the masses is abysmal

33 Likes 4 Shares

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by fukushaki(m): 4:55am On Jun 12
Baba go slow is working according to zombies grin

14 Likes

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by godwinstringed1(m): 5:19am On Jun 12
undecided














3 Likes

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by Artixmentor(m): 5:19am On Jun 12
The only way forward is a true empowerment for the young Nigeria.
We need to self sufficient rather than depending on any external hand✋.

Nigeria can be great again.

4 Likes

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by harmless011: 5:21am On Jun 12
The problem is the current leadership does not seem to understand the enormity of the problem, no sense of urgency just busy declaring public holidays.

22 Likes 3 Shares

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by Dshocker(m): 5:23am On Jun 12
What do you expect....when all the key positions are headed by the north

15 Likes 1 Share

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by liverpool72(m): 5:23am On Jun 12
Results of Afonjas betrayal

17 Likes 1 Share

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by Justinlean02(m): 5:24am On Jun 12
Nigeria is a Nation bruised, butchered and massacred on arrival since 1904... Failed experiment only for the benefits of the selfish politicians and the greedy West...

5 Likes 1 Share

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by vanjos: 5:24am On Jun 12
Too many quacks and saboteurs in the system.


....
and the professors who are supposedly solution providers have made themselves, semi - gods in the Universities with contentment.

6 Likes 1 Share

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by martowskin1(m): 5:24am On Jun 12
Lifestone:
I am not feeling PMB sense of urgency to fix the economy.
There are no open discussions on what new things to do. Remember that all the rice pyramids have disappeared, no need for trade money again.
Truth is that we have not stop deceiving ourselves but time is not on our side

Watch how they will come and call u corrupt.... because u are against the govt paying them 30k

11 Likes 1 Share

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by loredana730: 5:27am On Jun 12
wetin concern us

1 Like

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by SillyMods: 5:27am On Jun 12
Lifestone:
I am not feeling PMB sense of urgency to fix the economy.
There are no open discussions on what new things to do. Remember that all the rice pyramids have disappeared, no need for trade money again.
Truth is that we have not stop deceiving ourselves but time is not on our side
I have learnt not to take all these international/world agencies serious. Most of their predictions always fail to hit their target.

IMF wanted Nigeria to take loan with a lot of conditions (e.g, increase tax, removing subsidy, privatizing of some national assets, etc), Nigeria rejected their offer and they predicted we were going to have problems. Less than two years of their offer and prediction of bad outlook for our economy, we bounced back and have actually done far better than anyone expected.

On the other hand, Greece and Argentina listened to IMF/World Bank and both countries keep sinking since then.

So, pay little or attention to these agents of doom.

8 Likes 2 Shares

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by SillyMods: 5:28am On Jun 12
martowskin1:


Watch how they will come and call u corrupt.... because u are against the govt paying them 30k
You obviously lack capacity for proper discussion.

1 Like 1 Share

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by jcross19: 5:44am On Jun 12
SillyMods:

You obviously lack capacity for proper discussion.

is not even talking to you! unless you are blind to the truth because of your sentimental and irrational post because of your bias mind

6 Likes 1 Share

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by SillyMods: 5:46am On Jun 12
jcross19:
is not even talking to you! unless you are blind to the truth because of your sentimental and irrational post because of your bias mind
And I am talking to you?

You see why you also don't understand a jack about discussion in a forum?
Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by jcross19: 5:48am On Jun 12
SillyMods:

I have learnt not to take all these international/world agencies serious. Most of their predictions always fail to hit their target.

IMF wanted Nigeria to take loan with a lot of conditions (e.g, increase tax, removing subsidy, privatizing of some national assets, etc), Nigeria rejected their offer and they predicted we were going to have problems. Less than two years of their offer and prediction of bad outlook for our economy, we bounced back and have actually done far better than anyone expected.

On the other hand, Greece and Argentina listened to IMF/World Bank and both countries keep sinking since then.

So, pay little or attention to these agents of doom.
but if they hail the failing government you will be shouting God bless pmb!!! with your types in this country no way is going to be fine at all.

16 Likes 3 Shares

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by jcross19: 5:49am On Jun 12
SillyMods:

And I am talking to you?

You see why you also don't understand a jack about discussion in a forum?
next you will call those who speak their mind against this evil government ipob! I pity this country.

4 Likes 1 Share

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by SillyMods: 5:50am On Jun 12
jcross19:
but if they hail the failing government you will be shouting God bless pmb!!! with your types in this country no way is going to be fine at all.
Instead of you to counter the facts in my post, you're coming up with conjectures and assumptions.

I no blame you. undecided

4 Likes 1 Share

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by Ezechinwa(m): 5:51am On Jun 12
raker300:
And see her citizens rejoice over political appointments that in no way benefit the masses is abysmal

A population of more than 200 million where 79% are either illiterates or under educated, you should expect this nonsense to always happen every 4 years

3 Likes

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by DigitalGenius: 6:07am On Jun 12
Okay
Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by Seenyo: 6:08am On Jun 12
....aftermath of satanic CHAINge!

2 Likes

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by martowskin1(m): 6:35am On Jun 12
SillyMods:

You obviously lack capacity for proper discussion.



Na them

1 Like

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by Aystarz: 6:35am On Jun 12
raker300:
And see her citizens rejoice over political appointments that in no way benefit the masses is abysmal


Actually it's insane. I don't want to believe that many of us have gone mad, but unfortunately that's how it seems.

3 Likes

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by mu2sa2: 6:36am On Jun 12
SillyMods:

I have learnt not to take all these international/world agencies serious. Most of their predictions always fail to hit their target.

IMF wanted Nigeria to take loan with a lot of conditions (e.g, increase tax, removing subsidy, privatizing of some national assets, etc), Nigeria rejected their offer and they predicted we were going to have problems. Less than two years of their offer and prediction of bad outlook for our economy, we bounced back and have actually done far better than anyone expected.

On the other hand, Greece and Argentina listened to IMF/World Bank and both countries keep sinking since then.

So, pay little or attention to these agents of doom.
Three GBOSAS for you! No be fifch Rating, na fish Eating. Useless people - as fake as these yeye people wey dey naija threatening others with hellfire every time.

1 Like

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by Justiceleague1: 6:37am On Jun 12
SillyMods:

Instead of you to counter the facts in my post, you're coming up with conjectures and assumptions.

I no blame you. undecided

Shut up,you got no educated facts. Quit pretending to be clever,thank you.

1 Like

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by ITbomb(m): 6:44am On Jun 12
acute power supply shortages and security challenges,
This is a summary of Nigeria's problem, not fighting corruption or putting cabal nominees to head Legislature,, Judiciary, Central Bank and security

2 Likes

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by Nobody: 6:53am On Jun 12
liverpool72:
Results of Afonjas betrayal


I said it... ipob miscreants won't sleep throughout the night.. Dem don come this morning. I de go buy insecticide for dem....

1 Like 1 Share

Re: Nigeria Will Continue To Experience Sluggish Recovery – Fitch by Splashme: 6:55am On Jun 12
SillyMods:

I have learnt not to take all these international/world agencies serious. Most of their predictions always fail to hit their target.

IMF wanted Nigeria to take loan with a lot of conditions (e.g, increase tax, removing subsidy, privatizing of some national assets, etc), Nigeria rejected their offer and they predicted we were going to have problems. Less than two years of their offer and prediction of bad outlook for our economy, we bounced back and have actually done far better than anyone expected.

On the other hand, Greece and Argentina listened to IMF/World Bank and both countries keep sinking since then.

So, pay little or attention to these agents of doom.

Oga, when did IMF beg Nigeria to come for loan.

You see, you ZOMBIES know how to lie and lie and lie.

You tell lies so easily.
Same thing your president is good at

2 Likes 1 Share

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