‘Nigeria To Face Economic Slowdown, Not Recession This Year’ Business
“As projected, one third of global economy to plunge into recession, which is unlikely for the Nigerian economy, but an economic slowdown is unavoidable,” he said.Rewane said fiscal deficit would persist in 2023 as a result of market inefficiency and price distortions; low oil production; weak institution; huge debt servicing costs and subsidies.
“Irrespective of the political party or candidate that wins, we expect several economic reforms from the new administration as opportunities emerge after the elections.
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