Home Business Business & Economy October 13, 2016 World Bank president Jim Yong Kim / AFP PHOTO / NICHOLAS KAMM Everest Amaefule, Abuja After going through economic recession in 2016, Nigeria will experience moderate rebound in 2017, the World Bank has said. The bank, which stated this in its report, Africa’s Pulse, anchored the nation’s revival on the Federal Government’s expansionary budget, expected to begin to yield result only in 2017 because of slow implementation. It also hinged its optimism of early exit from recession on stable oil prices in the international oil market as well as expected increased production of oil. The World Bank report said, “Among the region’s three largest economies, Nigeria is expected to endure an economic contraction in 2016, as declining oil production and manufacturing weigh on activity. “The economy is expected to rebound moderate...
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