Hard times ahead for Nigerian economy, says Lemo

  |   Nigeria News

Lemo, according to the statement, said it was regrettable that despite the progress made by the country on the political front, available indices “have unveiled the painful lop-sidedness of Nigeria’s economic prosperity.”

He was quoted as saying, “Nigeria economic activities are expected to shrink by 1.8 per cent in 2016 in a bid to adjust to foreign currency shortages as a result of lower oil receipts, low power generation and weak investors’ confidence.

“We need to key into ways to reform the economy and drive toward diversification.”

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