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Nigeria Heading Into Worst Recession In 30 Years –IMF - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria Heading Into Worst Recession In 30 Years –IMF (41431 Views)

Nigeria Heading For Price Crash, Says BUA Chairman, Rabiu Abdulsamad / Nigeria Slides Into Worst Recession Since 1987 / Nigeria Faces Worst Recession In 40 Years – World Bank (2) (3) (4)

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Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by Nikepucci1: 5:59pm On Apr 14, 2020
There will be giveaway on ashewo thread,so come post your account numbers and state reasons why you need the money the most between 6pm -6:30pm...

For first 30 monikers

https://www.nairaland.com/4957496/ashewo-beer-parlour-share-ashewo/3019
Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by Adex2442: 5:59pm On Apr 14, 2020
Forget it.. Nigeria has been In recession from day 0.

Nor be today ekebe dey back

2 Likes

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by kulrunsman79(m): 6:00pm On Apr 14, 2020
We have been in recession since 2015.... Probably we may be heading towards DEPRESSION. We have not come out of the RECESSION.
The worst is, our Eco pilot is off duty...even though he is technically handicapped.

4 Likes

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by Cholls(m): 6:00pm On Apr 14, 2020
Chosen1984:
With the way these World Organizations are Intrested in Nigeria these days.... I Suspect something..

There is a Target!

I Suspect all these concerns are Connected to a Vaccine!

I Believe that the Belief is that once Nigeria is gotten , any other African nation will fall in..

Nigeria is Respected and Feared not because of our Economy or leaders!

Nigeria is Feared because Nigeria is a Spiritual Heavy Weight!

Only very few will understand these things!
my brother it's no business as usual. History has forced Africa to manage their affairs in absence of the Western nations. Africa was once their dumping ground.

1 Like

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by zed7: 6:01pm On Apr 14, 2020
The whole world is facing a depression soon. Nothing new, let them stop focusing on us.

3 Likes

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by philip0906(m): 6:01pm On Apr 14, 2020
SarkinYarki:
No suprises Buhari is the worst Nigerian leader in the last 30 years , and ironically the worst leader 30 years ago was still the same Buhari ..God Punish all of those that enabled failure in 2019 !!!!
Lol...You obviously closed your eyes to
1. Advanced economies dipping at -6%
2. Nigeria will bounce back at 2.4% in 2020

You just want to wail

6 Likes 1 Share

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by Skmoda(m): 6:01pm On Apr 14, 2020
Chosen1984:
With the way these World Organizations are Intrested in Nigeria these days.... I Suspect something..

There is a Target!

I Suspect all these concerns are Connected to a Vaccine!

I Believe that the Belief is that once Nigeria is gotten , any other African nation will fall in..

Nigeria is Respected and Feared not because of our Economy or leaders!

Nigeria is Feared because Nigeria is a Spiritual Heavy Weight!

Only very few will understand these things!
Gbam you nailed it......

4 Likes 1 Share

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by Hausaboy239(m): 6:01pm On Apr 14, 2020
Always my brother
hahn:
We are always in a recession
Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by Benzboys(m): 6:01pm On Apr 14, 2020
Great news.
Can't wait for dollars to hit N800/$
Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by Racoon(m): 6:02pm On Apr 14, 2020
Abeg keep shut.There is global economic recession everywhere including the IMF is also suffering it.

3 Likes 3 Shares

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by JONNYSPUTE(m): 6:02pm On Apr 14, 2020
Chosen1984:
With the way these World Organizations are Intrested in Nigeria these days.... I Suspect something..

There is a Target!

I Suspect all these concerns are Connected to a Vaccine!

I Believe that the Belief is that once Nigeria is gotten , any other African nation will fall in..

Nigeria is Respected and Feared not because of our Economy or leaders!

Nigeria is Feared because Nigeria is a Spiritual Heavy Weight!

Only very few will understand these things!
....You are right. I also have been thinking towards this way.Good that we have people like you here who can still see far and reason well.

1 Like 1 Share

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by doyin68: 6:02pm On Apr 14, 2020
IMF should shut, they never saw anything good in any circumstance, they always prophesy doom. Their forecasts will never come to pass over Nigeria in Jesus name

2 Likes

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by deleson: 6:03pm On Apr 14, 2020
The IMF has only stated the obvious.

Thoughtful Nigerians including policymakers and politicians knew this by the end of January.

For a country just exiting the clamps of recession, the oil war and global pandemic are a major hit on our ailing economy.

Let’s all brace up for the worse days ahead. Only the brave and innovative will come out rejoicing.

1 Like

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by mamaafrik(m): 6:03pm On Apr 14, 2020
Chosen1984:
With the way these World Organizations are Intrested in Nigeria these days.... I Suspect something..

There is a Target!

I Suspect all these concerns are Connected to a Vaccine!

I Believe that the Belief is that once Nigeria is gotten , any other African nation will fall in..

Nigeria is Respected and Feared not because of our Economy or leaders!

Nigeria is Feared because Nigeria is a Spiritual Heavy Weight!

Only very few will understand these things!
my feelings tells me something similar.
Can you tell us little more about your point??

3 Likes 1 Share

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by deleo16(m): 6:03pm On Apr 14, 2020
Is better roll up our sleeves and start agriculture in commercial quantity and face reality of this crude oil mirage

2 Likes 2 Shares

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by nameo: 6:03pm On Apr 14, 2020
Corrinthians:
The government is helpless in the current situation.

Nevertheless, if the impact of the pandemic does not get as bad as predicted for the West and other trade partners of Nigeria then we might not be caught in as bad a situation as predicted by the IMF.

So, as much as we hope and pray for our nation, so must we also for those we depend on for imports and exports. We need them to remain healthy for our government to remain solvent. Imagine the downward trend continues in the US, the blowback on the world economy would be catastrophic, especially for developing and third world countries. NGOs which employ our friends and families would become part of the first casualties. As funding gets slashed for them, so would their workforce.

The scariest of all is the current price of oil at the international market. It portends grave danger for our economy.

The Govt is "helpless" my azzz.

Wasnt this Govt supppsed to have diversified the Nigerian Economy away from Oil than it met it. Was that not the promise they made.

Throughout the last 5 years of this Govt, the economy has been worst off in every economic index than in any period over the last 35 years(including 2008).

I know of 3 times that Nigeria have been on Recession. And guess what all of them have in common: Buhari

3 Likes

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by Princedapace(m): 6:04pm On Apr 14, 2020
StreetFight:


The money in imPatience Jonathan numerous accounts can bail us out. Useless thieves.

what of all the ones stolen by all the northern military heads, generals, OBJ, Tinubu?
Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by Nobody: 6:04pm On Apr 14, 2020
Seun:
Is it the Coronavirus that will cause the recession or our government’s approach to fighting the virus, as adviced by experts in the same category as the ones predicting a bleak future for us?
Economic indices was not favourable to Nigeria before.
Add this and we will arrive at that projection.

Already, I can see some Buhari die hard fans shifting the whole blame to coronavirus grin
Corona is the cause of everything Nigeria has been passing through since Buhari took over grin

2 Likes

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by DRSEGUNBABA: 6:04pm On Apr 14, 2020
All under the useless Buhari government. I hope all the change voters will continue losing their jobs
Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by deji17: 6:04pm On Apr 14, 2020
Most countries of the world including UK, USA and others are heading into their worst recession in decades.

1 Like

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by SarkinYarki: 6:04pm On Apr 14, 2020
philip0906:

Lol...You obviously closed your eyes to
1. Advanced economies dipping at -6%
2. Nigeria will bounce back at 2.4% in 2020

You just want to wail

Buharis failure is not attributable to COVID !!! Before COVID he had already wrecked the future if Nigeria

2 Likes

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by qanda: 6:05pm On Apr 14, 2020
Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by philip0906(m): 6:05pm On Apr 14, 2020
SarkinYarki:


Buharis failure is not attributable to COVID !!! Before COVID he had already wrecked the future if Nigeria
That is not what this thread is about, right?

1 Like 1 Share

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by Charly68: 6:06pm On Apr 14, 2020
Are we not in recession yet ? When there was no recession majority of the population couldn't feed themselves now that the world financial body is shouting recession it means the worse is about to happen...I hope the rich will be free to drive their big cars in public without facing harassment ..What Awo predicted is about to happen in Nigeria..Boko Haram rampage will be a child's play
Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by traihit: 6:06pm On Apr 14, 2020
Chosen1984:
With the way these World Organizations are Intrested in Nigeria these days.... I Suspect something..

There is a Target!

I Suspect all these concerns are Connected to a Vaccine!

I Believe that the Belief is that once Nigeria is gotten , any other African nation will fall in..

Nigeria is Respected and Feared not because of our Economy or leaders!

Nigeria is Feared because Nigeria is a Spiritual Heavy Weight!

Only very few will understand these things!

Spiritually hypocritical heavyweight I'd say. If only we'll stay true to our spirituality... But how long do you think hardship and poverty will keep Nigerians 'spirit-centric'. Even our spiritual sensitivity is borne mostly out of our helplessness. It's only our ancestral route converted into modern religion that gives us this spiritual cloak we now wear.
Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by adioolayi(m): 6:06pm On Apr 14, 2020
Nonsense...as if World economy is not already in recession

1 Like

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by Rapmoney(m): 6:06pm On Apr 14, 2020
Seun:
Is it the Coronavirus that will cause the recession or our government’s approach to fighting the virus, as adviced by experts in the same category as the ones predicting a bleak future for us?

I believe the economy will be in shambles due to this lockdown. The government should look for a better alternative to this lockdown. It does not work in a society like ours.
Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by Nobody: 6:06pm On Apr 14, 2020
Bleep IMF....

1 Like

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by kenny714433(m): 6:06pm On Apr 14, 2020



I bet, if Buhari should lead us again in 2023, we will experience yet another recession.


No matter what, something must happen and we slip into recession.

1 Like

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by senatordave1(m): 6:06pm On Apr 14, 2020
SarkinYarki:
No suprises Buhari is the worst Nigerian leader in the last 30 years , and ironically the worst leader 30 years ago was still the same Buhari ..God Punish all of those that enabled failure in 2019 !!!!
What of abacha and ibb

1 Like 1 Share

Re: Nigeria Heading Into Worst Recession In 30 Years –IMF by masterflowx(m): 6:06pm On Apr 14, 2020
Mission accomplished!.

Kudos to and zombies Nationwide.

1 Like

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