News
Nigeria Will Exit Recession In First Quarter Of 2021 – Buhari Govt
The Federal Government has assured that Nigeria would exit recession in the first quarter of 2021.
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, gave the assurance at the ongoing 26th Nigerian Economic Summit organised by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, and National Planning, on Monday in Abuja.
The Minister noted that the COVID-19 pandemic caused the current recession in Nigeria.
Ahmed said the current recession followed the pattern across the world where many countries had entered an economic recession due to the pandemic.
“Nigeria is not alone in this, but I will say that Nigeria has outperformed all of these economies in terms of the record of a negative growth,” Ahmed said.
Figures by the National Bureau of Statistics (NBS) said Nigeria’s economy had contracted by -2.48%.
NBS had disclosed that the current recession was Nigeria’s worst in decades.
-
News3 days ago
Osun Park Chairman, Alowonle Currently On Life Support, Osun Govt Raises Alarm
-
News3 days ago
Students Protest UNILESA’s Tuition Fee Hike From N290,000 To N1.5m
-
News4 days ago
Governorship Ticket: You Lack Capacity To Speak For Our Party, APC Group Tackles Sunday Akere
-
News2 days ago
Aare Jire Ayinla Resigns As IWAC President