Bolstering a faster growth i n Nigeria, what’s missing?

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Nigeria's GDP Shrinks by -6.10% YoY in Real Terms in Q2 2020 - NBS

Despite emerging out of recession in 2017, Nigeria has continued to struggle to record an economic growth rate that is above her population growth. Accordingly, there have been pressures on monetary and fiscal authorities to look for innovative ways to spur economic growth while encouraging foreign inflows (FPIsand FDIs).

Bolstering a faster growth i n Nigeria, what’s missing? - Brand Spur

On one hand, since the re-appointment of Godwin Emefiele as the CBN governor in Jun-19,
the monetary authorities have become more pro-growth in its policies. This is buttressed by recent efforts to compel banks to lend to the private sector and discourage their massive investments in government risk-free asset. On the other hand, the fiscal authorities are yet to roll out a concrete plan to spur growth amid widening budgeted revenue shortfalls as well as the absence of an executive ministerial cabinet.

On one hand, since the re-appointment of Godwin Emefiele as the CBN governor in Jun-19,
the monetary authorities have become more pro-growth in its policies. This is buttressed by recent efforts to compel banks to lend to the private sector and discourage their massive investments in government risk-free asset. On the other hand, the fiscal authorities are yet to roll out a concrete plan to spur growth amid widening budgeted revenue shortfalls as well as the absence of an executive ministerial cabinet.