Fragile upturn belies Nigeria’s need for structural reform

Fragile upturn belies Nigeria’s need for structural reform

First the good news. After Nigeria’s first contraction for 25 years, in which gross domestic product shrank 1.6 per cent last year in a country used to 6 or 7 per cent annual growth, the economy is out of recession. Following five negative quarters, GDP expanded in the three months to June by 0.55 per…

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