According to the Central Bank of Nigeria (CBN), the Nigerian economy has maintained a positive growth trajectory for nine consecutive quarters since emerging from recession in 2020.
These results are largely due to the sustained growth of the services and agriculture sectors, stated Godwin Emefiele, Governor of the BNC.
This growth is attributed, according to Emefiele, to the rebound in economic activities and the CBN's continued intervention in growth-friendly sectors, adding that the recovery in production growth is expected to continue in 2023 and 2024.
"However, the Committee noted with concern the marginal increase in general inflation in February to 21.91%, an increase of 0.09 percentage points compared to the previous month," he noted.
Translation made with the free version of the translator www.DeepL.com/Translator