@amanesik We should be looking at the REER and not these nominal exchange rates though. If you do the Naira has been slightly overvalued for most of the past 10 years
@amanesik We should be looking at the REER and not these nominal exchange rates though. If you do the Naira has been slightly overvalued for most of the past 10 years
Q1 2021 GDP report published @ https://t.co/Ed8oyXE5Oq
Q1 2021 Real GDP grew 0.51 % compared to 0.11% in Q4 2020 & 1.87% in Q1 2020
Oil GDP contracted -2.21% in Q1 2021 (-19.76% in Q4 2020; 5.06% in Q1 2020)
Non-Oil GDP grew 0.79% in Q1 2021(1.69% in Q4 2020; 1.55% in Q1 2021)
@Chxta@StatiSense Obasanjo was good no doubt but also benefited from Nigeria coming from a very low base and the output gap being so high in almost all sectors