nigeria economy recession
Photo source: all Africa news
Spread the love

A country’s economy goes into recession when it’s Gross Domestic Product (GDP) reduces for two consecutive quarters and Nigeria’s GDP figure for the first quarter of 2020 is yet to be released. “The National Bureau of Statistics (NBS) has made an assessment.

So, it is the NBS assessment that Nigeria will go into a recession measuring at an average of -4.4%.”But with the work that the Economic Accessibility Committee is doing bringing stimulus packages, we believe that we can reduce the impact of that recession, “the finance minister, Zainab Ahmed, has said.

Data Source: All Africa News

Subscribe to The Times Of Africa

Subscribe to our email newsletter for useful tips and valuable resources, sent out every Tuesday.

Leave a Reply

Your email address will not be published. Required fields are marked *