Nigeria faces another economic recession, says finance minister

Thu May 21st, 2020 - Abuja (FCT)

Nigeria’s finance minister Zainab Ahmed on Thursday predicted that coronavirus pandemic and falling oil prices may lead the country into another recession.

“The National Bureau of Statistics (NBS) has made an assessment. So, it is the NBS assessment that Nigeria will go into a recession measuring at an average of -4.4%,” Ahmed said after the National Economic Summit meeting in Abuja.

“But with the work that the Economic Accessibility Committee is doing bringing stimulus packages, we believe that we can reduce the impact of that recession.”




source: Guardian