The national bureau of statistics(NBS) has made an assessment that Nigeria will go into recession measuring at ao average of -4.4%. A country's economy goes into recession when it's gross domestic product(GDP) reduces for two consecutive quaters,Nigeria's GDP figure for the first quarter of 2020 is yet to be released.
Mrs.Zainab Ahmed's said that Nigeria's GDP would reduce for the firrt quarter of 2020 before reducing 2nd quarter indicating an official recession.she further stated that if all they have proposed is implemented the country might end up with a recession that is -0.4%.
Mrs.Zainab Ahmed's said that Nigeria's GDP would reduce for the firrt quarter of 2020 before reducing 2nd quarter indicating an official recession.she further stated that if all they have proposed is implemented the country might end up with a recession that is -0.4%.