Guest Join UsHey Guest,
Welcome, Join our awesome community where you can discuss on various topics :-
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Much More.. or Create an Account


{myadvertisements[zone_1]}
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Nigeria Slides Into Worst Economic Recession In 33 Years
#1
Nigeria Slides Into Worst Economic Recession In 33 Years


SaharaReporters gathered that the last time Nigeria had this magnitude of economic decline was under the regime of Ibrahim Babangida, when the economy recorded consecutive decline of 0.51 per cent and 0.82 per cent in first and second quarters of 1987.

[img=32x0]http://saharareporters.com/sites/default/themes/sr_theme/images/defaults/user/default-user-image-small.jpg[/img]
SAHARAREPORTERS, 21, 2020
[/url][url=http://www.addthis.com/bookmark.php?v=300]



The National Bureau of Statistics has officially confirmed that Nigeria was in its worst economic recession in 33 years.



According to the NBS gross domestic product report for the third quarter of 2020, Nigeria’s economy contracted by 3.62 per cent to record its lowest growth rate in three decades.
[img=317x0]http://saharareporters.com/sites/default/files/styles/normal_medium/public/5ec21036-0001-0004-0000-000001394225_w1200_r1.77_fpx32.09_fpy49.98.jpg?itok=AccI6Lma[/img]
SaharaReporters gathered that the last time Nigeria had this magnitude of economic decline was under the regime of Ibrahim Babangida, when the economy recorded consecutive decline of 0.51 per cent and 0.82 per cent in first and second quarters of 1987.


This is also the second recession under the President Muhamadu Buhari-led All Progressives Congress administration.
Reply
{myadvertisements[zone_3]}


Possibly Related Threads...
Thread Author Replies Views Last Post
  TCN: Nigeria Requires ₦1 Trillion For Efficient Electricity Transmission Edoman 0 13 11-26-2020, 07:39 AM
Last Post: Edoman
  Nigeria spends $500m yearly on oil palm import Edoman 0 29 11-23-2020, 08:52 AM
Last Post: Edoman
  Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% Edoman 0 52 11-16-2020, 06:14 PM
Last Post: Edoman
  UN: North Eastern Nigeria, 3 Other Countries On The Brink Of Famine In 6 Months Edoman 0 60 11-08-2020, 01:01 PM
Last Post: Edoman
  Nigeria debts will hit N38.68trn in 2021 - Finance minister projects Edoman 0 53 11-04-2020, 07:12 AM
Last Post: Edoman
  NBS: Nigeria Generated ₦424.71 Billion VAT In Q3 Edoman 0 49 11-03-2020, 08:21 AM
Last Post: Edoman
  MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 Edoman 0 50 11-02-2020, 11:56 AM
Last Post: Edoman
  Nigeria imported N2.78tn manufactured goods in three months –NBS Edoman 0 46 10-31-2020, 09:10 AM
Last Post: Edoman



Users browsing this thread: 1 Guest(s)

{myadvertisements[zone_2]}

About contripeople

Contripeople forum description.

              Quick Links

              User Links

              Advertise