Bloomberg reported on Thursday that numbers from the National Bureau of Statistics suggest Nigeria is already on its way out of recession. Bloomberg quotes Dr Yemi Kale, the statistician general of Nigeria in the article.
“From the numbers we are seeing, certainly things are improving, and if the data doesn’t show Nigeria out of recession, it will show Nigeria is on its way out of recession…. Gross domestic product for the three months through March might be close to the first-quarter numbers, whether positive or negative,”
“I can state categorically, the numbers suggest things are improving,” Kale
Bloomberg also suggest Kale was referring to the first quarter of 2016 when the economy contracted 0.4 percent. Dr Kale was Kale is reported to have made this claim in an interview at his Abuja-based office on Thursday.