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Political Path to Economic Transformation

[This Day] With economic growth of 0.55% in the second quarter of 2017 Nigeria seems headed out of its recession, the worst it has experienced in 25 years. Make no mistake, however. That is only recovery in a technical sense: a recession technically happens when Gross Domestic Product (GDP) growth in an economy is negative for two consecutive quarters. This growth was driven by the oil sector, not the real economy, and remains fragile. If we continue to record positive GDP growth, even from our current very low base...

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Published By: AllAfrica Nigeria - Tuesday, 12 September