Nigeria will Experience Inflation For Sometime, Recession will be Reversed Gradually- Emir of Kano
Category: Nigeria National News
Everyone seems to be singing praises of the Buhari-led anti-corruption fight. The Emir of Kano
and former Central Bank governor, Muhammadu Sanusi II while addressing the press at Abuja on 3rd August, said, "what the government has done by fighting insecurity and corruption provides an environment where government policies can thrive"
The northern monarch says, he is more
optimistic of Nigeria's economy now than he has ever been in many years.
He said, "What the government has
done by fighting insecurity and corruption provides an environment where
government policies can thrive.
The recent steps that have been taken
by deregulating the oil sector, liberalizing the Forex market, meeting
with economists, and setting up a proper economic team, suggests that
there is now attention focused on real economic issues. I am much more
optimistic today than I have been in many years as far as the economy is
concerned. We are going through a difficult time. We are always bound
to go through difficult times when the oilprice crash and with all the
mismanagement of the past but I think right now, we are finally about to
turn a corner. We need to be realistic, nobody should expect overnight
that things will change. Inflation will be with us for sometime,
recession will be reversed gradually"
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Published Under: Nigeria National News
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