How Will CBN React To New Economic Indicators? – Analysis
How Will CBN React To New Economic Indicators? – Analysis
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Very intelligent GUEST who prepared and did Research , very informative .
Hope ALL guests could be this clued up & knowledgeable about what they came to discuss .
… Nigeria GDP need to be ReBased a lot has been taken place since the last GDP rebased in 2014 many sectors in Nigeria has experience changes which are yet to captured in the Nigeria GDP such as in the Manufacturing sector Refineries both large and, Modular also Refurbishing old refineries PH and Warri, Petrol Chemicals Fertilizer. Automobile plant sector Innocent Motors, Nord Motors, Dangote-Truck Assembly plant, Boat Building in Nigeria. Lithium Factories build in Northern part. Transportation sectors Train Assembles Plant. Light Rail both Lagos and Abuja. Aviation sector such as Air peace and others. New Airports built and upgrading and expanding of existing old ones. Real Estate sector we'll can see the numbers scattered all over the country, Health Care sector a lot of standard Hospitals has been build. Education sector we can also count number of private schools established. Power Plants we have long way to go but can still see little changes. Banking and Finance sector E-payment system. Information Technology (IT) sector in Nigeria is doing very well. Entertainment Industries we have seen how growth has taken place in that sector e.g. Don-Jazzy Marvin-Record he sold 40% shares worth $200 million meaning Marvin-Label worth half a billion dollar, Olamide-YBNL Label and others are there. Movies production and Standup Comedy section big growth has taken place. Hospitality sector Hotels, Restaurants and Night Clubs. Agriculture and Food production I know we still have very long way to go in food production but we can see Rice Mill springing up in many state, Cocoa production and Live stock farming. Fashion sector are also improving very well. So since 2014 a lot has change in Nigeria economy and they all need to be captured we have to have a true picture of how Nigeria have been doing since last 10 years is a long period no audited has taken place or reflected in the GDP
About time they release the rebase number, stop wasting time, you already delayed the CBN meeting.
If they forge/lie about inflation like they did unemployment, it will have a significantly bigger negative impact on the economy. Starting with interest rates.