Business Hilights
Tracking Nigeria's Headline Business News Online

Ongoing squeeze in economy will begin to ease from July—TB Joshua

Leading Man of God and founder, Synagogue Church of All Nations (SCOAN), Prophet Temitope Balogun Joshua on Sunday, January 14, 2018, eve dropped part of his 2018 prophesy, hinting that the ongoing squeeze and hardship in the economy will continue till second quarter.

Speaking during Sunday Live Service on Emmanuel TV, monitored in Lagos, he however revealed that from July, stability will begin to be observed in the economy.

According to him, the full text of his 2018 prophesies will be unveiled as soon as possible, but did not give date.

It would be the Nigerian economy is still facing issues in terms of budgetary allocations as not up to 40 per cent of the prevailing 2017 national budget had been released. The scenario has continued to hobble several federal government projects across the nation due to cash crunch caused by earlier drop in global oil prices upon which the nation’s economy depended.

Besides, several states, but Lagos and few others are still battling to pay monthly workers salaries as contractors debts gross at over N14tn.

It was not clear if the prophesy of economic stability from July translates to rise in oil price or growth in local industrial activities.

Udoma, Buhari, Adeosun
L-r: Minister of national Planning, Senator Udo Udoma, President Muhammadu Buhari and Minister of Finance, Mrs. Kemi Adeosun

Some analysts who studied the prophesy told Business Hilights in several telephone interviews on Sunday that may be from July, more jobs will begin to emerge on growing real sector business activities.