Recession returning soon – Gov Yari warns
The Zamfara State Governor, Governor Abdulaziz Yari, has warned that another circle of recession will come by mid-2020.
Yari further revealed that governors have unanimously agreed that borrowing is not a reliable alternative to solving the country’s economic problems. The governor stated this on Monday at the opening of the three-day retreat for returning governors and governors-elect in Abuja. He said that the current economic reality should prepare governors ahead of the possibility of another recession by mid-2020.
Yari, who is the Chairman of the Nigerian Governors’ Forum, however, declared that their good spirit and preparedness will enable them contain the situation.He said, ”This scenario is a wake-up call for all of you to come amply prepared to face these kinds of challenges especially since we are expecting the possibility of another cycle of recession by mid-2020 and which may last up to the third quarter of 2012.
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