Again, CBN Governor Reveals When Nigeria Will Be Out Of Recession

The CBN governor, Mr. Godwin Emefiele  has assured Nigerians that the country will move out of the current recession before the end of the year 2017.

He also blamed the economic recession in Nigeria on overdependence on importation of goods from other countries.

The CBN boss noted that the idea of importing almost all that the country consumes was responsible for the current recession. “How do we justify the importation of items like apple, cucumber and eggs?’’from South Africa; beef from Zambia and toothpicks from China?

“These are items we can locally produce and used money in importing these items to beef up local industries that will in turn create employments for our youths.