Nigeria may record N4.9tn decline in nominal GDP — Investigation
Published April 29, 2020
The outbreak of the coronavirus pandemic in Nigeria may result in a decline of N4.95tn in the nation’s nominal Gross Domestic Product in the present fiscal year, investigation has revealed.
Nominal GDP measures the value of all finished goods and services produced by a country at their current market prices.
The N4.95tn decline in nominal GDP is about 48.19 per cent of the Federal Government’s revised N10.27tn budget.
The pandemic which has so far affected about 32 states and the Federal Capital Territory had led to unprecedented slump in global crude oil prices.
Source:https://punchng.com/nigeria-may-record-n4-9tn-decline-in-nominal-gdp-investigation/
Published April 29, 2020
The outbreak of the coronavirus pandemic in Nigeria may result in a decline of N4.95tn in the nation’s nominal Gross Domestic Product in the present fiscal year, investigation has revealed.
Nominal GDP measures the value of all finished goods and services produced by a country at their current market prices.
The N4.95tn decline in nominal GDP is about 48.19 per cent of the Federal Government’s revised N10.27tn budget.
The pandemic which has so far affected about 32 states and the Federal Capital Territory had led to unprecedented slump in global crude oil prices.
Source:https://punchng.com/nigeria-may-record-n4-9tn-decline-in-nominal-gdp-investigation/
