Analysing Nigeria's economic recovery
The international monetary fund says 0.8 percent economic growth for Nigeria this year will not be sufficient to address unemployment and poverty. Bismarck Rewane, CEO of Financial Derivatives joins CNBC Africa to analyse Nigeria's economic recovery.
Thu, 03 Aug 2017 11:07:33 GMT
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AI Generated Summary
- The IMF's concerns about Nigeria's slow economic growth and the challenges hindering a robust recovery
- The importance of exchange rate unification, inflation control, and job creation for economic stability
- Recommendations for fiscal policies and investments to drive growth and reduce reliance on borrowing
Nigeria's economy has been under scrutiny in recent times, with the International Monetary Fund (IMF) expressing concerns about the country's slow economic growth. The IMF's recent comments highlighting the 0.8% growth rate as insufficient to pull Nigeria out of its economic recession have raised eyebrows and sparked discussions on the necessary steps to foster sustainable recovery. Bismarck Rewane, CEO of Financial Derivatives, joined CNBC Africa to analyze Nigeria's economic recovery and shed light on the challenges and strategies for growth. The discussion delved into various key issues affecting the Nigerian economy, including policy implementation, government revenue shortfalls, exchange rate unification, inflation, job creation, and fiscal policies. As the country grapples with these challenges, the need for decisive actions and strategic reforms becomes increasingly pressing to steer the economy towards a path of sustainable growth and development. Let's take a closer look at the key points discussed during the interview and the recommendations put forward by Rewane to address Nigeria's economic challenges.
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