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Coping With Economic Recession In Nigeria - Politics - Nairaland

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Coping With Economic Recession In Nigeria by Tosdam(m): 11:27am On Aug 04, 2016
The phrase 'economic recession' has become a buzzword, that is, it is used by many authors, persons, and economics pundits in the dailies. The phrase has proudly substituted the much rated word 'subsidy' which was one of the prevalent words in President Jonathan's led administration. This is, actually, not the first time recession will be happening in Nigeria but this seems to fashion out in a lethal combination. Its appears at the wee hour of change, when majority of Nigerians have cast strong optimism in a solomonic leader who has promised us a dynamic Nigeria.

Economic recession; said Minister of Finance, Mrs. Kemi Adeosun, 'will end on/before 2018'. We are not even in 2017 yet, things have gone on the board of alarming train; for instance, a bag of rice was sold twelve thousand (#12,000.00) last week, sold thirteen thousand and five hundred naira (#13,500.00) on Monday, this week, sold fifteen thousand on Tuesday and was reported to be sold sixteen thousand and five hundred naira (#16,500.00) this morning in Ogun State. Also, I heard $1 is now #405. I hope this recession won't tear us apart. Nairalanders, how do you think we can cope with this/how are you coping with this?

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