Indicators show Nigeria will be out of recession by 3rd quarter of 2017 – CBN

Nigerians have been informed by the Central Bank Governor, Dr Godwin Emefiele that at the 3rd quarter of the year, Nigeria would no longer be in recession due to signs of economic improvement.

The governor stated this while briefing newsmen after the conclusion of that apex bank’s Monetary policy meeting in Abuja.

Emefiele noted that the positive indicators such as inflation moving upwards and GDP moving up from negative aggregate are indications that by the third quarter of the year, the country will be out of recession.

The governor, however, noted that the committee voted to keep the MPR at 14%, CRR at 22.5% and the liquidity ratio at 30%.

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