Recession 'Ends': But Can Nigerians Eat 3 Times A Day?
Recession is trending in Nigeria.
This was after the National Bureau of Statistics released the 2017 second quarter Gross Domestic, GDP report which showed that Nigeria has emerged from recession after close to two years of negative growth.
The federal government has said it is excited. Many prominent Nigerians have also been reacting.
The latest to react is former Vice President Atiku Abubakar, who is also a businessman.
In a series of tweets on Wednesday, Atiku said: “As a Nigerian, investor and employer of labour, the news of Nigeria's official emergence from the recession is most welcome.
“The news is surely a boost for Nigeria - it tells investors, local and foreign, that our economy is worth investing in.”
He, however, added that “While we rejoice, it's also important to recognize that economic weakness at the bottom of the pyramid remains. Inflation is still high.
When all Nigerians can eat 3 square meals, that's when the real recession ends. We have work to do.— Atiku Abubakar (@atiku) September 6, 2017
“We must continue working hard to expand economic opportunity for all Nigerians. When all Nigerians can eat 3 square meals, that's when the real recession ends. We have work to do,” he added.
According to NBS’, GDP report for second quarter of 2016, in the second quarter of 2017, Nigeria’s GDP grew by 0.55% (year-on-year) in real terms.