Aggregate credit to...
continued from page 21 cord significant deceleration in the second quarter of the year, a strong rebound could be recorded in the third, reflecting the effects of many of the measures the Central Bank is putting in place at the moment.
“More also, with gradual oil price recovery, reopenings of major economies and trading routes, and return to international travels, Nigeria could escape two consecutive quarters of negative GDP growth.”
As the country dealt with the associated adversities of this disease, he said it must systematically embrace the inherent opportunities therein.
“I believe that in the middle of this pandemic lies great opportunities and there cannot be a better time to make a big push, particularly given our wide negative output gap and with inflation almost reaching its plateau,” he said.