The World Bank has revealed that Nigeria faces the prospect of fragile economic recovery in 2017 given the high degree of fragility and risks from future shocks to the oil price or further unrest in the Niger Delta region.
The World Bank’s in its newly-released Bi-annual Economic Update, however, said Nigeria could build on the oil-driven economic recovery anticipated for it in 2017 by strengthening its macroeconomic policy framework and implementing the structural reforms needed to diversify the economy and break out of a boom and bust cycle. The bank’s Senior Communication Officer in Nigeria, Olufunke Olufon, disclosed this in a statement issued yesterday in Abuja.
Full story at This Day Live.
By Adedayo Akinwale in Abuja
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