President Muhammadu Buhari has blamed the country’s current slide into worst economic recession since 1987 on COVID-19 pandemic.

The President said this while declaring open the 26th Nigerian Economic Summit themed “Building Partnerships for Resilence”.

President Buhari who was represented by Vice-President Yemi Osinbajo, said that the decline in the nation’s Gross Domestic Product came after 12 succesive quarters of positive growth.

Continue reading ➡➡https://www.asuneblog.com.ng/2020/11/buhari-blames-current-nigerias-economic.html

Always blaming one thing or another.

donbachi:
Always blaming one thing or another.

We all know this is so true. The developed countries like UK, USA, Germany, France etc have been in recession since, talking about more than three months ago.

*RECESSION* is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster (e.g. a pandemic like COVID19).
*LIST OF 40 COUNTRIES EXPERIENCING A RECESSION IN 2020*
1. United States
2. Japan
3. United Kingdom
4. India
5. Brazil
6. Russia
7. South Africa
8. Austria
9. Germany
10. Switzerland
11. Belgium
12. Canada
13. Denmark
14. Estonia
15. Finland
16. Hungary
17. Ireland
18. Italy
19. Latvia
20. Lithuania
21. Mexico
22. Netherlands
23. Norway
24. Romania
25. Spain
26. Nigeria
27. Peru
28. Turkey
29. Israel
30. Poland
31. Czech Republic
32. Thailand
33. Singapore
34. Malaysia
35. South Korea
36. Australia
37. Portugal
38. France
39. Indonesia
40. Hong Kong

Hmmmmmm, we pray to God for successful and taking us out of recession soonest

Many countries of the world entered recession due to Covid19 pandemic, but with the help of FG through different initiatives, I see Nigeria coming out already.