Economy Slides into Worst Recession Since 1987: Nigerians React

See Naira Crashes Low at Black Market as Demand Pressure Intensifies

Economy Slides into Worst Recession Since 1987: Nigerians React: “Figures released by the National Bureau of Statistics on Saturday reveal that Nigeria is officially in a Recession. The nation has recorded a contraction of 3.62 percent in the third quarter of 2020.

“This is the second consecutive quarterly GDP decline since the recession of 2016. The cumulative GDP for the first nine months of 2020, therefore, is at -2.48 percent.

Also see US Grants: Massive Financial Assistance Open to Foreigners- Apply Here

“The last time Nigeria recorded such cumulative GDP was in 1987, when GDP declined by 10.8 percent. The nation’s inflation rate is currently astronomic evidenced by the high prices of commodities in the market.

“This is the country’s second recession under the Muhammadu Buhari administration”- Politicsnigeria

Myeduproject

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.