Why Nigerians haven’t felt impact of exit from recession – NBS boss

The Statistician -General of the Federation and Chief Executive , National Bureau of Statistics , Dr . Yemi Kale , on Wednesday explained why Nigerians were not feeling the real impact of the positive economic growth rate on their lives .
Kale attributed the non-impact of the exit from recession on the citizens to the structure of the economy, which is still largely driven by oil .
He said while the economy might have recorded a growth rate of 0 . 55 per cent in overall Gross Domestic Product for the second quarter, not all the sectors did well in terms of productivity .For instance , the NBS boss explained that out of the 42 economic activities that were used to measure the GDP growth rate , 21 recorded decline in productivity , while the rest performed better than they did in the first quarter.
He said , “ In this administration , I am the one that published that we were in recession , and I am also the one that is saying we are now out of recession.
“ I don ’t think there is any inconsistency in what the NBS does in terms of politics. The recession announcement came two months to the renewal of my tenure . Now , if it was political , will I come and tell the government that wants to renew my tenure that inflation is in double digit ?