10th September, 2017
With Nigeria’s economy out of recession, the Federal Government is now targeting 2.5 per cent economic growth by the last quarter of 2018.
The Minister of Information and Culture, Alhaji Lai Mohammed made this known, adding that the recent exit is an indication of better days ahead.
On the rising cost of food, the mister has assured Nigerians that the government is working to resolve the challenge.
Data on Nigeria’s Gross Domestic Product released on Tuesday, showed that the country had crept out of recession with a return to positive GDP growth.
The data released by the National Bureau of Statistics showed that the GDP grew at 0.55 percent in the second quarter of 2017. The growth was attributed to the performance of four main economic activities – oil, agriculture, manufacturing, and trade.