Nigeria's economy was already in recession before the advent of the Coronavirus pandemic.What is new is that it will only get worst.Continue to deny reality."Recession is a byword."

I thought we were in recession already or na my account dey deceive me

who no know dat one?

We ll survive it again

i think the world market was almost there b4 sef......how we bounce back matters most

Nigeria never left the 2015 recession caused by Buhari

As expected

I would have been surprised if she has said otherwise.

Buhari govt again.....always breaking record

Looting in schooling feeding programme alone can cause recession nah. Who doesn't know that??

Stop looting, stop recession.

Everyone knows this. The more reason one would have expected the governmnt to seriously cut down unnecessary expenses and block loopholes bleeding the scarce resources

We don do am before, is not a new thing oo. Make them continue.

Hmmmm

One Yoruba Muslim masooap once told me this buhari government is the best ever in Nigeria,.

Feeding school children with more than 600 million daily even when they experiencing Lock down...

Budgeting 1200 computers for customs with more than 600 million naira..

Doing all nonsense while borrowing money

Tell me why Nigeria won't be in Recession

This one no be news we know it will come.

Meanwhile, in another news; water is wet!

a ph.d holder couldn't solve our problems,now u expect a NEPA bill holder to solve it.

That's
What
You
Get
From
Nepotism

I
Can't
Believe
This
Finance minister
Has
Any Thing To
Offer
Than
To
Disburse Cheques
Monthly
Allocation..

Everyone
Knows
Recession
Is
Imminent.

What
We
Expect
Is
Ways
To
Limit
Or
Get
Out.

God
Bless
OKONJO IWEALA
...

This country matter big pass Zuma rock

It has bn in recession since

Useless woman!!!

Nigeria our country..well lets hit rock bottom and start all over again...

bolaayenimo:
Useless woman!!!

No wonder, they have given up on their ZOO and now focus is on the Easterners with the proliferation of Igbo this Biafra that threads....


Keep us going!!!!

And you approved that amount of money for ordinary laptop, school feeding program while children are on lockdown, purchase of luxury cars for our honourable men in agbadas and so on

Don't worry continue with your extravagant spending and borrowing...
They will sell this country last last ni

I guess we all expected it

GamalNasser:
Nigeria never left the 2015 recession caused by Buhari

Actually, Nigeria never recovered fully from the devastating economic disaster Buhari inflicted on this country in 1984.

The damage he did to our local industries were never fully recovered until Obasanjo/Yaradua/Jonathan under whose government investors started trickling back but no where near what we had before Buhari committed high treason in 1984.

Some people are celebrating Shoprite and Spar but don't know we had Leventis and Kingsway back then which folded up almost immediately Buhari seized power.

2010 Rockefeller Foundation Report predicts collapse of Nigeria in 2026 amidst global pandemic

“Lockstep” Written 10 years ago chronicles how to bring the world down with a pandemic | This report was produced by The Rockefeller Foundation

China’s government was not the only one that took extreme measures to protect its citizens from risk and exposure. During the pandemic, national leaders around the world flexed their authority and imposed airtight rules and Restrictions, from the mandatory wearing of face masks to body-temperature checks at the entries to communal spaces like train stations and supermarkets. Even after the pandemic faded, this more authoritarian control and oversight of citizens and their activities stuck and even intensified. In order to protect themselves from the spread of increasingly global problems — from pandemics and transnational terrorism to environmental crises and rising poverty — leaders around the world took a firmer grip on power.

At first, the notion of a more controlled world gained wide acceptance and approval. Citizens willingly gave up some of their sovereignty — and their privacy — to more paternalistic states in exchange for greater safety and stability. Citizens were more tolerant, and even eager, for top-down direction and oversight, and national leaders had more latitude to impose order in the ways they saw fit. In developed countries, this heightened oversight took many forms: biometric IDs for all citizens, for example, and tighter regulation of key industries whose stability was deemed vital to national interests. In many developed countries, enforced cooperation with a suite of new regulations and agreements slowly but steadily restored both order and, importantly, economic growth.

Across the developing world, however, the story was different — and much more variable. Top-down authority took different forms in different countries, hinging largely on the capacity, caliber, and intentions of their leaders. In countries with strong and thoughtful leaders, citizens’ overall economic status and quality of life increased. In India, for example, air quality drastically improved after 2016, when the government outlawed high-
emitting vehicles. In Ghana, the introduction of ambitious government programs to improve basic infrastructure and ensure the availability of clean water for all her people led to a sharp decline in water-borne diseases. But more authoritarian leadership worked less well — and in some cases tragically — in countries run by irresponsible elites who used their increased power to pursue their own interests at the expense of their citizens.


By 2025, people seemed to be growing weary of so much top-down control and letting leaders and authorities make Choices for them.

Wherever national interests clashed with individual interests, there was conflict. Sporadic pushback became increasingly organized and coordinated, as disaffected youth and people who had seen their status and opportunities slip away — largely in developing countries — incited civil unrest. In 2026, protestors in Nigeria brought down the government, fed up with the entrenched cronyism and corruption. Even those who liked the greater stability and predictability of this world began to grow uncomfortable and constrained by so many tight rules and by the strictness of national boundaries. The feeling lingered that sooner or later, something would inevitably upset the neat order that the world’s governments had worked so hard to establish. •

The same recession you and this government incompetent brought upon us !!

Q