Nigerian Economy Is Still In Recession – Yemi Kale

Yemi Kale OnoBello

The Statistician-General of the Federation, Yemi Kale, has said Nigeria’s economy has not recovered from the 2016 recession.

Kale, who is also Chief Executive Officer of the National Bureau of Statistics, said the conflicts between farmers and herdsmen had dragged down the Gross Domestic Product in the first quarter of 2018 according to the Punch.

According to a report on Sunday by an online news portal, The Cable, the statistician-general spoke on Arise TV on Saturday, lamenting the performance of the nation’s economy in the second quarter of the year.

He said, “I am not going to give the final figures because the work is not even completed but from the numbers I am seeing, it is looking quite flat.

“Surprisingly, but I expected the numbers should be much better; it is looking very similar to the first quarter. I think the economy is still struggling out of recession and that is what the numbers are showing. For example, we have seen challenges in agriculture because of the clashes that are happening in different parts of the country. Obviously, if people cannot go to the farms; it is going to be a problem.

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