₦airaland Forum

Nigeria’s economy will not appreciate to an impressive level in 2016.
According to the International Monetary Fund (IMF), Nigeria’s economy is likely to shrink as it was performing below the IMF forecast for the country.

Gene Leon, IMF resident representative in Nigeria on Monday, said energy shortages and delayed budget weigh on output in the country.


With deflation of the economy by 0.4 percent in the first quarter of 2016, Leon predicted it will experience some growth in the second half of the year, but he added that it would not be enough to upturn initial shrinkage.

“I think there is a high likelihood that the year 2016 as a whole will be a contractionary year,” he was quoted by Bloomberg,

“While the economy should look better in second half of the year, growth will probably not be sufficiently fast, sufficiently rapid to be able to negate the outcome of the first and second quarters”, he added.

On what must be done to improve Nigeria’s economy, Leon said “most people would agree that if you should fix one thing in this country, it should be power. There is a need to start changing the power equation from 2016, from today, not tomorrow or later.”


He added that the inflation, which is currently at 15.6 percent, may surge a little more in the months ahead but would not go beyond 20 percent before the end of 2016.



http://dailypost.ng/2016/07/12/why-nigerias-economy-will-decline-in-2016-imf/?

Hmm...
The year is almost out and everything still remains the same, the last quarter has shrinked already due to the poor output thereby making it impossible for anything tangible to be achieved..

But one thing I know for sure is that from the last 20 months to the expiration of the tenure if this administration, everything is gonna change, activities will be boosted, fuel price reduction, empowerment from all angles, economy boosts, employments, increment in workers salaries, New levels for IDPs, steady power. A plate of meal everyday for children non stop, NYSC increase in allowee, etc..
And they are all gonna happen because of ?? Not because of ?? Who can tell me?


That's because they will be needing your votes in the next presidential election not because they want to CHANGE.

Another bad news

Buhari is bad luck.

still waiting for $1=N150 before i buy my android phone

chocolateme:
Hmm...
The year is almost out and everything still remains the same, the last quarter has shrinked already due to the poor output thereby making it impossible for anything tangible to be achieved..

But one thing I know for sure is that from the last 20 months to the expiration of the tenure if this administration, everything is gonna change, activities will be boosted, fuel price reduction, empowerment from all angles, economy boosts, employments, increment in workers salaries, New levels for IDPs, steady power. A plate of meal everyday for children non stop, NYSC increase in allowee, etc..
And they are all gonna happen because of ?? Not because of ?? Who can tell me?

na magic...they are gonna happen because you were the first to comment:/

EMMYLBANKS:
na magic...they are gonna happen because you were the first to comment:/

lol

Bro, that will be next three years if probably

olaniyi0:
still waiting for $1=N150 before i buy my android phone

chocolateme:
Hmm...
The year is almost out and everything still remains the same, the last quarter has shrinked already due to the poor output thereby making it impossible for anything tangible to be achieved..

But one thing I know for sure is that from the last 20 months to the expiration of the tenure if this administration, everything is gonna change, activities will be boosted, fuel price reduction, empowerment from all angles, economy boosts, employments, increment in workers salaries, New levels for IDPs, steady power. A plate of meal everyday for children non stop, NYSC increase in allowee, etc..
And they are all gonna happen because of ?? Not because of ?? Who can tell me?

It's gonna happen because you'll be dreaming then. Please don't fall asleep during that period so as to avoid chewing your pillow.

Oma307:
Bro, that will be next three years if probably

what i want wiko slide 2.

Buhari has killed this country.

one thing is sure......we must survive
Btw how this people take calculate am?? one thing is sure......we must survive
Btw how this people take calculate am??