The month of June 2017 is not only symbolic for heralding the summer season, but is significant as it is likely to mark the end of the recession. Therefore, it is heartening to see oil production back up to 2mbpd and the convergence in the exchange rate at the parallel market and the investor exporter window (N368/$).
This means that slowly but surely the economy may be moving closer to a dynamic equilibrium and we should be expecting a deluge of domestic and international investors. It is also a firm indication that the real estate market may soon begin to breathe a sigh of relief.
This edition of the FDC Economic Monthly Publication analyzes such pertinent issues and breaks down the underlying implications on the various sectors of the economy.
Enjoy your read…..