Positive news for South Africa & Nigeria today, with the announcement they have both come out of recession on the same day. Two economic powerhouses of Africa going through some economical setbacks in recent times, this is reassuring for businesses, entrepreneurs and investors alike.
Of course we were there for the Twitter reactions:
— CNN International (@cnni) September 5, 2017
— Channels Television (@channelstv) September 5, 2017
BREAKING! In case you have not heard, after five consecutive quarters of contractions since Q1 2016, Nigeria is officially out of recession. pic.twitter.com/FiclG3v3j3
— Yinka Ogunnubi (@yinkanubi) September 5, 2017
Nigerians weigh in on the news:
We welcome news of our exit from recession with cautious optimism… READ:https://t.co/CnDHMVnMvB
— Govt of Nigeria (@AsoRock) September 5, 2017
Ladies and Gentlemen Nigeria is Officially out Of Recession.. Lets hope Bag of Rice would go back to 9,500 naira soon ? https://t.co/DdCfcRI8HP
— Osas Cruz (@OsasCruz) September 5, 2017
We are not feeling it in the streets
— Uncle Chuks (@chuqs) September 5, 2017
So happy for us, I hope it will bring growth and development in Nigeria.
— Tahir Ali Kotoko (@TahirKotoko) September 5, 2017
Hope both countries will use lessons learnt during recession to increase economic development.
— Muhammad Ja'afar. (@muhammadjafaru) September 5, 2017
D question is how will it affect tomatoes seller in Mile12?When will salary earners start feeling the impact? Becos that is the BIG question
— Bakare Oluwaseun (@papabaks) September 5, 2017
While in south Africa:
— Bloomberg (@business) September 5, 2017
— allAfrica.com (@allafrica) September 5, 2017
The replies from South Africa were certainly more entertaining:
— Thato Patrick (@thatopatrick) September 5, 2017
Stats SA: South Africa is officially out of Technical recession??
South Africans: going for more debts like? pic.twitter.com/AJkDyYcxRr
— Mohale ? (@MoLeboko) September 5, 2017
South Africa exiting its recession pic.twitter.com/Oa5uOwS6WX
— Ryan Cummings (@Pol_Sec_Analyst) September 5, 2017
Good luck to both countries and hope the citizens start to feel the impact sooner rather than later.
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