Buhari Administration Welcomes Exit From Recession With Cautious Optimism

The Buhari administration welcomes news of Nigeria's exit from recession with cautious optimism and will continue to drive Nigeria's economic growth by vigorously implementing the Economic Recovery & Growth Plan launched earlier this year by President Muhammadu Buhari.

The overall economic plan and direction of the administration has resulted, among others, in sustained restoration of oil production levels, (occasioned by the enhanced security and stability in the Niger Delta)  sustained growth in agriculture, mining and the first growth recorded in industry as a whole in the last nine quarters since Q4 2014.