The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has assured Nigerians that the country would get out of economic recession latest by the end of June this year.
This, according to him, is based on emerging positive economic indicators to that effect.
Emefiele gave the assurance at the National Assembly Complex on Tuesday while fielding questions from journalists after a closed-door meeting with the leadership of the Senate.
He said one of the indicators was the downward trend in the parallel market as regards the value of Naira against the dollar which has appreciated from as higher as N525 per dollar to between N370 to N380.
Other indicators according to him are the already confirmed reduction in the rate of inflation by the National Bureau of Statistics (NBS).
He said that the CBN had been involved in some form of intensive…
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