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Nigeria Slides Into Worst Recession Since 1987 - Politics - Nairaland

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BREAKING: Nigeria Officially Slides Into Worst Recession Since 1987 / Nigeria Faces Worst Recession In 40 Years – World Bank / Nigeria Heading Into Worst Recession In 30 Years –IMF (2) (3) (4)

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Nigeria Slides Into Worst Recession Since 1987 by kirajustice: 12:06pm On Nov 21
POLITICSNIGERIA.COM

Figures released by the National Bureau of Statistics on Saturday reveal that Nigeria is officially in a Recession. The nation has recorded a contraction of 3.62 percent in the third quarter of 2020.

This is the second consecutive quarterly GDP decline since the recession of 2016. The cumulative GDP for the first nine months of 2020, therefore, is at -2.48 percent.

The last time Nigeria recorded such cumulative GDP was in 1987, when GDP declined by 10.8 percent. The nation's inflation rate is currently astronomic evidenced by the high prices of commodities in the market.

This is the country's second recession under the Muhammadu Buhari administration.

https://politicsnigeria.com/breaking-nigeria-slides-into-worst-recession-since-1987/

60 Likes 6 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by defcon4: 12:16pm On Nov 21
We die here

47 Likes 1 Share

Re: Nigeria Slides Into Worst Recession Since 1987 by GoodofNaija: 12:18pm On Nov 21
Buhari's nickname is Recession!

483 Likes 31 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by Nbotee(m): 12:24pm On Nov 21
Did we ever get out of the last one??

312 Likes 21 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by haaryobhami: 12:25pm On Nov 21
in Nigeria history,we have faced recession 4 time now and 3 of d 4 was under buhari administration.
the man is a collosal failure and he is empty upstairs,I believe he is God punishment for d evil that has been happening in Nigeria.
all his tenure is synonymous to failure,tears,sorrow, anguish and suffering.
it shall not be well with the bastards still defending this man and God will make there life like d tenure of buhari.
how can someone be so empty and full of bad luck like buhari?.

626 Likes 47 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by Macphenson: 12:28pm On Nov 21
It's unfortunate educated people went and brought in a dullard, a disaster and a failure (claiming sophistication) to come and preside over the affairs of a complex nation like Nigeria.

Today the entire Nation is feeling the heat of that foolish decision.

Buhari was a failure in the 80s and also a failure in 2020.

A failure is a failure.

The change buhari promised and fulfilled

210 Likes 18 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by gurunlocker: 12:29pm On Nov 21
Under same person grin grin grin grin



Bubu hold the record for the leader of an administration with the most recession. That is the real definition of failure

191 Likes 13 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by dynicks(m): 12:29pm On Nov 21
If I ain't perfect at achieving something positive, at least let me be good towards achieving something negative.....I can't be bad on both sides naw;
make una sef check'am!!......

Meanwhile... That one concern una....!!

Far as my ZOMBIES still got my back and ain't complaining anytime anyday; twice on weekends, then I ain't fidgeting..!!

80 Likes 5 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by crossfm: 12:29pm On Nov 21
You don't mean it.

But they said sai baba is the messier we have been waiting for.

The change gangs promised us
.1 dollar equal to 1Naira.

2.1 litre of fuel to be sold for 45Naira.

3.Millions of jobs to be created across the country.

4.They will build refineries .

5.No more medical treatment for politicians outside Nigeria.

6.They will fight insurgency from the front grin

7.Revival of Ajaokuta steel company.

8.Creation of National Conflict Resolution Commission.

9.Raising life expectancy level by an additional 10 years on average shocked

10.Generation, transmission and distribution of at least 20,000 MW of electricity within four years and increasing to 50,000 MW with a view to achieving 24/7 uninterrupted.Some one even told us that its not a rocket science to fix the power sector.

My brothers and sisters, if I continue to list all that the agents of change promised us this my tori go take days.Just add your own if you remember.

But the people wa I pity most are the ones wa still da support them.You no say shame no da catch mad men and women but their relatives.

98 Likes 12 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by inoki247: 12:29pm On Nov 21
our President is a record breaker in recession when Pandemic no dey sef he leads us into Recession like Moses leading the Israelites into the red sea...

45 Likes 2 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by blinking001(m): 12:30pm On Nov 21
God help us

1 Like 2 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by Macsjebs(m): 12:30pm On Nov 21
shocked Really bad, Businesses are worst hit...
At this point, I think I have to delete the thread on my signature and perhaps shut down Business as no one is willing to patronize my Business which is understandable now

Thanks for all your reviews and words of encouragement on the thread on my signature.

Thank you all for bringing us this far and being part of our success story. As the economy bites harder, it's only advisable we close to avoid incurring more debts

22 Likes

Re: Nigeria Slides Into Worst Recession Since 1987 by Flexherbal(m): 12:30pm On Nov 21
This is the second consecutive quarterly GDP decline since the recession of 2016. The cumulative GDP for the first nine months of 2020, therefore, is at -2.48 percent.

How can you say you are working, when there is nothing to show for it?

18 Likes 2 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by Ugaboy: 12:30pm On Nov 21
This obvious...even without their info...we know about it

meanwhile if you are in Eko, u may need my signature

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Re: Nigeria Slides Into Worst Recession Since 1987 by mosegifted: 12:30pm On Nov 21
Records upon records since this murder fuckers came into power... Shame on any body that contributed in bringing this disaster of a government to us, out of the thread

42 Likes 6 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by zopaks: 12:30pm On Nov 21
Buharicession is his name

34 Likes 6 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by infogenius(m): 12:30pm On Nov 21
kirajustice:
POLITICSNIGERIA.COM



https://politicsnigeria.com/breaking-nigeria-slides-into-worst-recession-since-1987/

Where do you expect Nigeria to be at the moment? Anything better is a miracle.
Re: Nigeria Slides Into Worst Recession Since 1987 by jmoore(m): 12:30pm On Nov 21
That's false.

Nigeria is in DEPRESSION.

Enough of the sugarcoating.

51 Likes 5 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by DrBrainstorm(m): 12:31pm On Nov 21
God help the masses

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Re: Nigeria Slides Into Worst Recession Since 1987 by Raydos(m): 12:31pm On Nov 21
Break this country,, Una dey form One Nigeria!!

50 Likes 4 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by Lastmankc(m): 12:31pm On Nov 21
The lifeless vegetable is cursed

36 Likes 3 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by legacystore: 12:31pm On Nov 21
angry
Re: Nigeria Slides Into Worst Recession Since 1987 by malali: 12:31pm On Nov 21
Oil Prices/Corona.

+

Mediocre Governance.

6 Likes

Re: Nigeria Slides Into Worst Recession Since 1987 by Arysexy(m): 12:31pm On Nov 21
What a special award won by the bigot Dullardeen.

In 1987 he took the award

In 2020 he reignited the award once more.

What else can I say?

You can't sow cocoyam and expect cassava.


A cow remains a cow, whether Ndama or muturu.

My anger is on those zombies that voted this cow for second tenure having seen how the first tenure was. They deserve 600 years of suffering without help.

46 Likes 4 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by omoeast(m): 12:31pm On Nov 21
Oda bayi...Ppl better advice bayo ( buhari photographer ), adesina, that senseless ugly woman and the rest...They better steal enough moni,their oga go reck this country before 2023 come...After 2023 dem go complain pass omokri

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Re: Nigeria Slides Into Worst Recession Since 1987 by Suprnova: 12:31pm On Nov 21
General Recession Buhari

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Re: Nigeria Slides Into Worst Recession Since 1987 by obainojazz(m): 12:31pm On Nov 21
grin
When you vote someone with zero knowledge in anything... Fighting Kwaruption indeed.
Fvcking dictator

44 Likes 2 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by BigSarah(f): 12:31pm On Nov 21
Those who fail to learn from history are always bound to REPEAT IT...
Nigeria really needs Renegades...

30 Likes 2 Shares

Re: Nigeria Slides Into Worst Recession Since 1987 by Aplaudez(m): 12:32pm On Nov 21
Hardship has turn normal thing in this country!!!!!
God help us!

13 Likes 1 Share

Re: Nigeria Slides Into Worst Recession Since 1987 by DiamondVee: 12:32pm On Nov 21
Check us on Instagram. You won’t regret doing business with us . Good morning

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