Nigeria will come out of recession before December – CBN Governor assures Nigerians | Nigeria News Today. Your online Nigerian Newspaper

Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has expressed optimisms that Nigeria will come out of the current economy recession the fourth quarter of this year.

His said this could be only possible when the result of the various measures put in place by the Federal Government and the monetary authorities become manifest.

According to him, one of such result is the decision of the CBN to establish a bridge fund for the government to utilise to stimulate the economy whenever there is a need for it.

The apex bank boss had earlier warned Nigerians to stop blaming the current economic mess on President Muhammadu Buari.

Emefiele, who spoke to media executives in Lagos on Saturday, said, “We are already in the valley, the only direction is to go up the hill and the government is doing everything possible to ensure that we move up the hill. I am optimistic that based on the actions being taken by the monetary and fiscal authorities, the fourth quarter results will show evidence that we have started to move out of the recession.

“The worst is over. The Nigerian economy is on the path of recovery and growth. So, please if you are a bystander or sideliner, you are losing; join the train now before it leaves the station.”

Continuing, the CBN boss said “Both the monetary and fiscal authorities are working together and that is why you can see a situation where today, even when we have revenue shortage or deficit, the monetary authority is trying to bridge the gap.

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  1. Central banking is a big scam the world over. What baffles me now about the Nigerian Central Bank is that there is no intention by the bank to hide its misdeeds. Now the want to establish a bridge fund to stimulate an economy that they single handedly collapsed when Mister President left the country to treat his ear. Well, monetary policy shouldn't be in the hands of puppets.

    1. Well said.. "our monetary policies" should not be in the hands of a puppet!

  2. All Nigerians are now wailing wailers.


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