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/

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

And see her citizens rejoice over political appointments that in no way benefit the masses is abysmal

Baba go slow is working according to zombies

[img]https://i./3NpLR.gif[/img]

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.

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.

What do you expect....when all the key positions are headed by the north

Results of Afonjas betrayal

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...

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.

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

wetin concern us

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.

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.

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

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?

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.

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.

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.

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

Okay

....aftermath of satanic CHAINge!

SillyMods:

You obviously lack capacity for proper discussion.

Na them

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.

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.

SillyMods:

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

I no blame you.

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

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

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....

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