, 6 tweets, 4 min read Read on Twitter
The HMF stated that through the implementation of the ERGP developed in 2017 by President @MBuhari’s administration, the Nigerian economy has achieved 7 consecutive quarters of GDP growth since exiting recession. #FinMinNigeria #ERGP
According to HMF, GDP grew at an annual rate of 1.93% in 2018 compared to 0.82% in 2017 representing an overall increase of 1.11% year-on-year. #FinMinNigeria #GDP
As part of President @Mbuhari’s administrations successful effort to diversify the economy, and deepen non-oil economic performance, the HMF reported a non-oil GDP growth of 2.70% as at Q4 2018 representing a 0.38% increase in growth compared to Q3 2018. #FinMinNigeria #Revenue
The HMF mentioned that the year-on-year inflation rates continue to improve, noting a high rate of 18.7% in January 2017 to 11.37% in April 2019 while the External reserves grew from $28.3 billion in 2015 to $44.69 billion as at May 13, 2019. #FinMinNigeria #inflation
The FX market remains relatively stable because of the convergence of the NIFEX and NAFEX windows that merged at the end of November 2018. #FinMinNigeria #FX
The HMF stated that the ministry is making strategic investments in critical infrastructure and in human capital to spur economic growth whilst also improving the fiscal space by boosting revenues. #FinMinNigeria #humancapital
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