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Nigeria’s economy out of recession, NBS insists (PremiumTimes)

Nigeria’s economy out of recession, NBS insists (PremiumTimes)

The National Bureau of Statistics (NBS) on Monday restated that the country was out of recession.

The Head of Public Affairs and International Relations Unit, Sunday Ichedi, said this in a statement in Abuja.

Mr Ichedi was reacting to claims that the Statistician-General of the Federation and NBS, Yemi Kale noted that the economy was still in recession.

“We want to emphasise and state categorically that the economy is out of recession and at no time did the NBS or its CEO state otherwise as has been reported.

“Recall that it was the same bureau that announced the end of recession in the second quarter of 2017.

“This followed the announcement of the first positive growth in the nation’s Gross Domestic product (GDP) due to five quarters of contraction.

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