Nigeria’s economy is weak - CBN •No, it’s healthy - Okonjo-Iweala
DEPUTY Governor of Central Bank of Nigeria (CBN) (Financial System Stability), Dr Kingsley Chiedu Moghalu, has said that the nation’s economic performance had been rather weak.
He stated this on Saturday in a lecture delivered at the Golden Jubilee ceremony of the pioneer graduates of the University of Nigeria, Nsukka (UNN).
Moghalu regretted that Nigeria’s economic performance does not reflect its endowments.
“With a population of 170 million people, Nigeria is generously endowed with human, physical and natural resources.
“The country is ranked the 6th largest producer of crude oil and also has the 6th largest gas reserves in the world.
“ It also has very significant reserves of solid minerals which remain undeveloped. The country is richly endowed with about 34 different types of solid minerals in commercial quantities in about 450 locations across the country.
“Regrettably, Nigeria’s economic performance had been rather weak and does not reflect the country’s economic performance,” he stated.
Economy is healthy —Okonjo-Iweala
The Coordinating Minister for the Economy, Dr Ngozi Okonjo-Iweala has debunked claims that the economy is in a comatose state.
Okonjo-Iweala who spoke at the Independence Anniversary lecture organized by the Lagos Chamber of Commerce and Industry (LCCI) over the weekend, challenged anyone with contrary information about the economy to come out for a debate.
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