Nigeria May Go Into Recession, Says FinMinNigeria Minister, Zainab Ahmed | Sahara Reporters Ahmed added that this will be worsened by the COVID-19 pandemic which has put a strain on all facets of life in the country. READ MORE:
Zainab Ahmed, Nigeria's Finance Minister, has said that the country may go into recession due to the slowing down of economic activities as shown in an assessment by the Nigeria Bureau of Statistics.
She said, “The National Bureau of Statistics has made an assessment. So, it is the NBS assessment that Nigeria will go into a recession measuring at an average of -4.4 per cent. “And if we applied all that have been proposed and we are able to implement it we may end up with a recession that is -0.4 per cent. In any case, we will go into recession but what we are trying to do is to make sure that it is shallow so that we will quickly come out of it come 2021."
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