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I saw this analysis of the economy made by Oba1ni on Nairaland and reposted it here. He provides indices, whch he says proves that Nigeria’s economy is improving. Read on and tell me if you agree with Oba1ni. Do you notice that something very very significant happened few days ago but, somehow it passed almost unnoticed…
These days there is little money in the system (no liquidity). Crude oil, which should have given Nigeria easy liquidity has crashed. The consequences of this are clear for everyone. Nigeria needs cash to stimulate spending, short term borrowing and investment, boosting the economy. One thing that would work is for the CBN to reduce…