Stella Dimoko Korkus.com: Central Bank Gov Emfiele Says Nigeria MAY Slip Into Recession AGAIN...

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Thursday, May 23, 2019

Central Bank Gov Emfiele Says Nigeria MAY Slip Into Recession AGAIN...






 The Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, has expressed fears that Nigeria may slide into another recession if measures are not taken to tackle the high rate of unemployment and other economic crisis. Emefiele said this today at the University of Benin, while delivering a lecture titled “Beyond the Global Financial Crisis: Monetary Policy Under Global Uncertainty”.


According to him, Monetary and Fiscal Policy Authority must rise up to the challenge to begin to think of what can be done to tackle the situation. The CBN governor said: “From some of my concluding remarks, you may have observed whether you like it or not, there is global uncertainty that will unfortunately most certainly, lead to another crisis.


“The question could be, how are we, as Nigerians, particularly our leaders, I am talking of Monetary and Fiscal Policy Authority, how are we preparing our country for the next set of crisis?” He said “we have luckily exited recession. We have seen inflation pending downward to about 18.72 percent in 2017 to about 11. 37 percent today. We see reserve moving up, exchange rate stabilizing but unfortunately, we still have issue and those issues bother on unemployment rate.” He assured that CBN will continue to take proactive approach in mitigating the likely adverse effects that may emanate from external headwinds.from dailytrust

24 comments:

  1. And my question is,have we ever been out of recession?

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    Replies
    1. Thank you ooo!

      Delete
    2. And my own question is, were we out of Recession

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    3. When did we leave?
      I thought we were still in recession.
      God help us with square balls placed in round holes people in key positions.

      Delete
  2. GOD of Elijah, Isaac and Jacob
    Jehovah the Man of war
    His mercies endureth forever and ever
    Oh praise his Holy Name


    Our GOD Can do ALL things
    Oh yes
    HE can do all things
    Oh yes

    ReplyDelete
  3. slip into recession? i thought we are in recession already

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  4. May slip or already almost at it? So who are the people to blame? So good he made mention of our leaders, for I thought they would have still mention their predecessor for it.

    Now you can see and understand all I have been saying that trader moni and all that aren't any way good but rather create an enabling environment for business to thrive successfully, win back investors confidence to do business with us, stop the clampdown on opposition unnecessarily for some of them are key to Nigeria investment and major employer of labour. Invest heavily on agriculture and other sectors. Create more job and above all engage competent hands and technocrats to develop the economy. If all these aren't adhere to, then Nigeria may go the Venezuela way.

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  5. Again? I never knew we were out of recession.

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  6. This is not pleasant to my ears at all.

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  7. Unemployment and high inflation rate are Macro economic problems which every government are so keen on tackling. Slipping into recession will do us no good

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  8. Na them.....no be today yansh dey for back

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  9. Recession in the country or not, me and my households will not experience it. That period will be the period of plenty and bounty for us. Amen.

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  10. Lord have mercy
    We don't want more recession added to the one we're in already

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  11. The next level in any exam or game is always more difficult, so pls dont complain

    ReplyDelete
  12. All Buharis supporters, let me not see you lamenting or begging here o.
    Dimwits

    ReplyDelete
    Replies
    1. Funny enuf, the real buhari supporters no de hungry😂😂😂










      Delete
  13. Na dem sabi.....






    I'm in the world, but not of this world.






    When men say there's a casting down, I will forever say THERE IS A LIFTING UP, COS I hold my side.😂😍😘💃💃💃


    Works every time

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  14. Let them kuku declare permanent recession, so that we will know we have arrived.
    Useless people, thieves everywhere.

    ReplyDelete
  15. May slip? We're still in recession na..who are they deceiving...I cling to the economy of heaven by HIS grace!

    ReplyDelete

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