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Nairaland Forum / Nairaland / General / Politics / Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Financ (478 Views)
People Will Lose Their Jobs If This NO CASH POLICY Continues Beyond The 17th O / Amaechi: FG Will Stop Train Services If COVID-19 Protocols Are Not Observed / Finance Minister: Nigeria Will Go Into Recession, If COVID-19… (2) (3) (4)
Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Financ by HenryThegreat1(m): 9:27pm On Mar 27, 2020 |
Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Finance Minister Akinola Ajibola Updated March 27, 2020 Nigeria Signs $523,823 TA Agreement Grant With Islamic Devt Bank A file photo of the Minister of Finance, Mrs Zainab Ahmed. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has warned that Nigeria may go into recession if the coronavirus (COVID-19) pandemic continues for the next couple of months. She stated this during her appearance on Channels Television’s Politics Today where she gave an update on measures taken to mitigate the effect of coronavirus on the nation’s economy. “We are hopeful that this pandemic will be limited in time,” the minister said during the interview on Friday. She added, “If it is an average of three months, we should be able to close the year with positive growth. But if it goes longer than that – six months, one year – we will go into recession.” According to Ahmed, the Federal and the state governments will struggle in terms of revenue, as long as the crude oil price is as low as $30 and sub-$30 per barrel. She explained that this was why the government was looking for alternative sources of funding in the form of budget support to boost the economy towards the trying times. As part of measures to curb the spread of coronavirus and reduce its effect on the economy, the minister noted that President Muhammadu Buhari set up the Presidential Task Force on COVID-19. She believes the committee, comprising key Ministries, Departments, and Agencies (MDAs) and chaired by the Secretary of the Government of the Federation (SGF), is up to the tasked. |
Re: Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Financ by PresidentAtiku(m): 9:30pm On Mar 27, 2020 |
Are we out? Let's recall Kemi Adeosun to come help us |
Re: Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Financ by 9icest: 9:31pm On Mar 27, 2020 |
Ok |
Re: Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Financ by yerokunphilips: 9:32pm On Mar 27, 2020 |
9icest: |
Re: Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Financ by lovemoi2(f): 9:32pm On Mar 27, 2020 |
The whole world is going on recession |
Re: Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Financ by lastempero: 9:32pm On Mar 27, 2020 |
And what was it before now |
Re: Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Financ by Tetrahedron: 9:32pm On Mar 27, 2020 |
, you see ya life Apc zombies? You were mocking South Africa just weeks ago because they went into recession and said Buhari’s economic plan is working! Over to you the walking dead crew |
Re: Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Financ by potent5(m): 9:34pm On Mar 27, 2020 |
So what? We have not noticed any difference between recession period and normal period. |
Re: Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Financ by Enoch07: 9:39pm On Mar 27, 2020 |
oga we dey recession since 2015 4 Likes
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Re: Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Financ by viccipedia: 10:11pm On Mar 27, 2020 |
No! If it continues for 1 month, then we’re done. Government is about to start feeding the nation. Know what that means? |
Re: Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Financ by clevvermind(m): 10:15pm On Mar 27, 2020 |
Are we not in recession before. |
Re: Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Financ by johnmartus(m): 7:59am On Mar 28, 2020 |
The worst minister. Hardly you will see her talk.But once she came out to public to talk she will never say a good thing. |
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