Business a.m.

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.

Newspapers in English

Newspapers from Nigeria