See What Adeosun, Emefiele Thinks of Nigerian Economy

Nigeria’s top economic managers have strong belief that the economy will continue to grow positively.

The Minister of Finance, Mrs. Kemi Adeosun, and the Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Sunday maintained that the Nigeria’s positive growth outlook would be sustained.

Adeosun and Emefiele gave the assurance during a joint press briefing at the end of the 2018 International Monetary Fund and World Bank’s Spring Meetings in Washington DC, United States.

The minister, who noted that the present growth outlook contrasted with that of 2015, stated that inflation rate was slowing down, while the foreign reserves were rising.

Expressing optimism on the Federal Government’s sustenance of the growth trajectory, she, however, called for vigilance and focus so that the country does not fall back into recession.

Adeosun was quoted as saying in a statement by her Media Adviser, Oluyinka Akintunde, “We are confident that if we diligently implement our economic plan, we will grow the economy. We have room to grow, but other countries do not have rooms to grow.

“By 2019, the growth will be far more robust than the present level in 2018. We are, therefore, very optimistic of sustaining Nigeria’s economic growth. We are going to use this opportunity to grow our fiscal buffers by aggressively growing our revenue base.”

Emefiele, on his part, also reiterated Nigeria’s positive growth outlook, noting that a growth of 2.5% had been projected by the IMF and the World Bank for the country.

He disclosed that the country’s foreign reserves had risen to $47.93 billion.

“There is a need to save for the rainy day and also continue to grow the foreign reserves. If we had enough reserves, we wouldn’t have suffered the recession shocks,” he explained.