₦airaland Forum

Is nigeria in recession ?

No money nothing. People are not spending. The government released a policy of reducing T Bill's rate to single digits. One of the lowest in recent times so as to encourage people to spend more but it worsen the situation.


Again I ask, Is Nigeria in recession ?

The crime rate has more than tripled (based on my own statistics) and people are getting more desperate. Suicide rate is going up again. No business is flourishing.

aljharem:
Is nigeria in recession ?

Are you in Nigeria?

paix:
Are you in Nigeria?

How does that answer my question?

aljharem:
How does that answer my question?

Because we answer questions with questions here.

aljharem:
Is nigeria in recession ?

No money nothing. People are not spending. The government released a policy of reducing T Bill's rate to single digits. One of the lowest in recent times so as to encourage people to spend more but it worsen the situation.


Again I ask, Is Nigeria in recession ?

The crime rate has more than tripled (based on my own statistics) and people are getting more desperate. Suicide rate is going up again. No business is flourishing.

We never left that recession it was just masked ..have noticed the National Bureau for Statistics has not released it quarterly report in the last 2 years ?

SalamRushdie:
We never left that recession it was just masked ..have noticed the National Bureau for Statistics has not released it quarterly report in the last 2 years ?

Stop lying.

This one is from Mars oo.

Which Nigerians have it ever being easy for?

Even rich man will also tell you it is not easy..

I guess more businesses have collapsed since 2015 than new ones.

I think something has to be done on the dollar exchange rate.

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9ja situation pass recession

SalamRushdie:
We never left that recession it was just masked ..have noticed the National Bureau for Statistics has not released it quarterly report in the last 2 years ?

are you new in this Nairaland?. No character is as confused as aljharam, he is consistently confused, a camelion, he voted Mr integrity and even become ritualistic then, why is he complaining?.

APC supporter is complaining of HARDSHIP.

I thought that fighting corruption was enough to feed Nigerians.

ATIKU told you he is an employer of labour. His area of specialization. He had certificate. And at least 5,000 employees, being conservative with figures.

Buhary told you he is a Cattle rearer. You chose a Cattle rearer.

Oga, go and eat cow meat...

Two items people buy now are FOOD and DRUGS.

And they told us GDP increased on paper. Smh.

We"re not in recession,but on ascension to greatness. We're transiting from being an import-dependent nation to self-dependence (at least,to a reasonable extent). For Nigeria to have closed its land borders for about 3 months now without much serious dire consequence,is a huge toast to our profound resilience as a nation. The Almighty God,in His infinite mercy, has blessed us with abundant human and natural resources. We're the most favoured in the world,let's unite.

Adblg0610:
We"re not in recession,but on ascension to greatness. We're transiting from being an import-dependent nation to self-dependence (at least,to a reasonable extent). For Nigeria to have closed its land borders for about 3 months now without much serious dire consequence,is a huge toast to our profound resilience as a nation. The Almighty God,in His infinite mercy, has blessed us with abundant human and natural resources. We're the most favoured in the world,let's unite.

I really hope so

aljharem:
Is nigeria in recession ?

No money nothing. People are not spending. The government released a policy of reducing T Bill's rate to single digits. One of the lowest in recent times so as to encourage people to spend more but it worsen the situation.


Again I ask, Is Nigeria in recession ?

The crime rate has more than tripled (based on my own statistics) and people are getting more desperate. Suicide rate is going up again. No business is flourishing.

why dont you google the meaning of recession and also google our economic growth rate for this quater and come back to answer your own question

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solmusdesigns:
why dont you google the meaning of recession and also google our economic growth rate for this quater and come back to answer your own question

Keep deceiving yourself. You think recession is about your fictitious statistics and figures. The micro economy will tell you all you need to know

BeachTime:
Nigeria is poor and underdeveloped because Nigeria steals Akwa ibom oil money ($16 Billion dollars per year) and disburses it to all states in Nigeria , and then gives Akwa ibom peanuts ($600 Million dollars per year ) .
If Bill Gates divides his $60 billion dollars wealth to 1 million people , He and the 1 million people would all have only $60 thousand dollars each.

Please this does not make sense. Please read of resource distribution and wealth distribution. It is a whole topic on itself

BeachTime:
Nigeria is poor and underdeveloped because Nigeria steals Akwa ibom oil money ($16 Billion dollars per year) and disburses it to all states in Nigeria , and then gives Akwa ibom peanuts ($600 Million dollars per year ) .
If Bill Gates divides his $60 billion dollars wealth to 1 million people , He and the 1 million people would all have only $60 thousand dollars each.

You surely have deficiency in basic mathematics