It is also interesting to note that the volatility conditions in the domestic foreign exchange market seem to have normalised during the course of 2004. For example, the one-month historical volatility of the Rand declined from a most recent high of 28,4 percent in January 2004 to 12,2 per cent in June 2004, before picking up again to just below 20 per cent.
Deliberate structural policies and reforms are needed to raise these projected trend higher towards the desired 5 percent average growth level. ii. Output growth rate for the Nigerian economy is broadly  estimated  by  key  institutions  to  consolidate in 2021.