World Bank Says Nigeria Will Soon Recover From Economic Recession
By: Linkon Brown The World Bank Group says Nigeria will soon recover from economic recession. Mrs Eme Essien-Lore, Country Manager in Nigeria, International Finance Corporation, a member of the group, made the observation in an interview with journalsits in Lagos on Thursday. ”In our perspective and with the numbers that we have seen coming from the World Bank and the International Monetary Fund (IMF), Nigeria’s economy has recorded about one per cent real growth. ”That is a bit lower than government’s expectation which is about 2.2 per cent growth for 2017. “It is a bit modest, but we certainly expect that the economy of Nigeria will rebound and recover from last year’s recession, ” she said.Essien-Lore commended Federal Government`s new economic plan, but said that there was need to set priorities for implementation of the plan by the year 2020.According to her, the plan is very comprehensive, ambitious and thoughtful. She said that the World Bank had been consulting with the Nigeria...