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Published 10 January 2021
In this interview with NIKE POPOOLA, the Managing Director, Law Union & Rock Insurance Plc, Mr Ademayowa Adeduro, speaks on the relevance of insurance, among other economic issues
N
is in recession. How soon do you expect a recovery?
I am sure the next report of the National Bureau of Statistics will show a lower percentage in terms of the recession. I believe that by the second quarter of 2021, Nigeria will be out of recession. We will be on the growth path again as the oil price is gaining strength and vaccine has been developed. The government has even opened the borders. All of these will bring back activities in the country. Despite the fact that the government is scared about a second wave of coronavirus in Nigeria, but I can tell you that it won’t last long.