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Analysts Give Tips on Economic Recovery as Nigeria Exits Recession

James Emejo in Abuja and Nume Ekeghe in Lagos Analysts yesterday called on the federal government to implement the 2021 budget to boost infrastructural development, ensure policy consistency and proper management of the COVID-19 pandemic in order to sustain the gradual recovery of the economy. The advice came on a day the National Bureau of Statistics (NBS) in its ‘Nigerian Gross Domestic Product Report – Q4 & Full Year 2020,’ released yesterday, showed that the country’s Gross Domestic Product (GDP) recorded a positive growth rate of 0.11 per cent (year-on-year) in real terms in the fourth quarter of 2020 (Q4 2020), successfully lifting the economy out of recession.

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