“Already, as you can see, the country is coming out of economic recession, soon the prices of commodities will go down, and generally things will take a good shape. We call on Nigerians to be patient and not to lose hope. I urge us to be prayerful and by God’s grace we shall get better and stronger as a nation,” he added.
Nigeria’s economy receded at the end of Q2 in 2016 after falling oil prices ate deep into the country’s earnings and caused the naira to weaken thereby causing inflation to spiral upward. Spates of attacks on oil installations in the Niger Delta by militants, who were protesting for better deals from the government, almost crippled oil production.
