Politics
Nigeria’s Resilient Economy Exits Recession Against All Odds
Nigeria’s Economy Exits Recession Against All Odds
Nigeria’s economy unexpectedly exited recession in the fourth quarter of 2020.
In a statement on Thursday, the National Bureau of Statistics (NBS) said the economy grew by 0.11 percent.
The development comes after two consecutive quarters of negative growth which resulted in a recession.
Nigeria’s economy beat projections from the IMF and the World Bank, both of which predicted Africa’s biggest economy to exit recession in 2021.
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