Leading economist Bismarck Rewane is not given to easy optimism, which is precisely why his assertion that Nigeria’s economic recovery is now "tangible" demands serious attention.
The numbers, as presented to the Lagos Business School this month, are indeed compelling. Fiscal consolidation is gaining traction after the government’s shock therapy package of fuel subsidy removal and exchange rate liberalisation. The gigantic Dangote refinery is up and running and has transformed Nigeria from a net importer of petroleum products to a net export
