NBS Boss Reveals The True State Of Nigerian Economy
You must have heard of several
reports on the economy from the National Bureau of Statistics, NBS.
The man of the bureau is Yemi Kale. He is the Statistician-General of the Federation.
And in his assessment of the Nigerian economy, Kale said Nigeria’s economy has not recovered from the 2016 recession.
Kale, who is also Chief Executive Officer of the NBS, said the conflicts between farmers and herdsmen had dragged down the Gross Domestic Product, GDP in the first quarter of 2018.
According to a report on Sunday by an online news portal, The Cable, the statistician-general spoke on Arise TV on Saturday, lamenting the performance of the nation’s economy in the second quarter of the year.
He said, “I am not going to give the final figures because the work is not even completed but from the numbers I am seeing, it is looking quite flat.
“Surprisingly, but I expected the numbers should be much better; it is looking very similar to the first quarter. I think the economy is still struggling out of recession and that is what the numbers are showing.
“For example, we have seen challenges in agriculture because of the clashes that are happening in different parts of the country. Obviously, if people cannot go to the farms; it is going to be a problem.
“Agriculture is not just crops; when you destroyed a farmland or even cattle rearing is also part of agriculture, so the back and forth are affecting both crop production and livestock and agriculture is the biggest part of our GDP and that is slowing down the economy.”
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