insist that only deft steering of the economy to outrun the economic headwinds that are now buffeting the country from the outside could prevent her from landing awkwardly sooner than later
She pointed out that the federal and the states’ governments would struggle in terms of revenue, as long as the crude oil price is as low as $30 or below $30 per barrel. The development economist, who expressed sadness at the untold damage that maintaining multiple rates has done to the country said a lot could still be salvaged if measures to cushion the impact of the pandemic recently announced by Emefiele are implemented.
In agreeing with Emefiele and Ahmed that the country risks another recession, the PwC chief said: “The CBN Governor was quite correct that Nigeria requires some key structural changes to prevent future economic crises, reduce unemployment and alleviate poverty, including diversification, improved business environment and increased investments from Nigerians, the Diaspora, and Foreign Direct Investors.
Amin oo🙏
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