Nigeria Will Exit Recession In The First Quarter Of 2021 – CBN

Following the statistical reports that were presented by the National Bureau Statistics earlier this week, that Nigeria has entered another phase of recession the CBN Governor Godwin Emefiele has assured Nigerians that Nigeria will exit recession in the first quarter of 2021.

He said the authorities of CBN would further create Job opportunities and stimulate growth after the recession. He as well said that speculators should not cause panic in the Nigerian Foreign Exchange Market. He also noted that the parallel market should not be used in determining the value of Naira.

The governor further stressed out the need for Nigeria to diversify her economy in order to grow its foreign revenue base. He assured that the bank will continue to try its best in growing the economy of the country.

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Esther Ifeoluwa

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