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Nigeria Slides Into Worst Recession Since 1987 - Politics - Nairaland

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Nigeria Slides Into Worst Recession Since 1987 by kirajustice(op): 12:06pm On Nov 21, 2020
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/

Re: Nigeria Slides Into Worst Recession Since 1987 by defcon4: 12:16pm On Nov 21, 2020
We die here
Re: Nigeria Slides Into Worst Recession Since 1987 by GoodofNaija: 12:18pm On Nov 21, 2020
Buhari's nickname is Recession!
Re: Nigeria Slides Into Worst Recession Since 1987 by Nbotee(m):
Did we ever get out of the last one??

Re: Nigeria Slides Into Worst Recession Since 1987 by haaryobhami: 12:25pm On Nov 21, 2020
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?.
Re: Nigeria Slides Into Worst Recession Since 1987 by Macphenson:
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

Re: Nigeria Slides Into Worst Recession Since 1987 by gurunlocker: 12:29pm On Nov 21, 2020
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
Re: Nigeria Slides Into Worst Recession Since 1987 by dynicks(m):
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..!!

Re: Nigeria Slides Into Worst Recession Since 1987 by crossfm:
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.
Re: Nigeria Slides Into Worst Recession Since 1987 by inoki247: 12:29pm On Nov 21, 2020
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...
Re: Nigeria Slides Into Worst Recession Since 1987 by blinking001(m): 12:30pm On Nov 21, 2020
God help us
Re: Nigeria Slides Into Worst Recession Since 1987 by Nobody:
shocked Really bad, Businesses are worst hit...
Re: Nigeria Slides Into Worst Recession Since 1987 by Flexherbal(m): 12:30pm On Nov 21, 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.
How can you say you are working, when there is nothing to show for it?
Re: Nigeria Slides Into Worst Recession Since 1987 by Ugaboy: 12:30pm On Nov 21, 2020
This obvious...even without their info...we know about it

meanwhile if you are in Eko, u may need my signature
Re: Nigeria Slides Into Worst Recession Since 1987 by mosegifted: 12:30pm On Nov 21, 2020
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
Re: Nigeria Slides Into Worst Recession Since 1987 by zopaks: 12:30pm On Nov 21, 2020
Buharicession is his name
Re: Nigeria Slides Into Worst Recession Since 1987 by infogenius(m): 12:30pm On Nov 21, 2020
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, 2020
That's false.

Nigeria is in DEPRESSION.

Enough of the sugarcoating.
Re: Nigeria Slides Into Worst Recession Since 1987 by DrBrainstorm(m): 12:31pm On Nov 21, 2020
God help the masses

Re: Nigeria Slides Into Worst Recession Since 1987 by Raydos(m): 12:31pm On Nov 21, 2020
Break this country,, Una dey form One Nigeria!!

Re: Nigeria Slides Into Worst Recession Since 1987 by Lastmankc(m): 12:31pm On Nov 21, 2020
The lifeless vegetable is cursed
Re: Nigeria Slides Into Worst Recession Since 1987 by legacystore: 12:31pm On Nov 21, 2020
angry
Re: Nigeria Slides Into Worst Recession Since 1987 by malali: 12:31pm On Nov 21, 2020
Oil Prices/Corona.

+

Mediocre Governance.
Re: Nigeria Slides Into Worst Recession Since 1987 by Arysexy(m): 12:31pm On Nov 21, 2020
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.
Re: Nigeria Slides Into Worst Recession Since 1987 by omoeast(m): 12:31pm On Nov 21, 2020
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
Re: Nigeria Slides Into Worst Recession Since 1987 by Suprnova: 12:31pm On Nov 21, 2020
General Recession Buhari
Re: Nigeria Slides Into Worst Recession Since 1987 by obainojazz(m): 12:31pm On Nov 21, 2020
grin
When you vote someone with zero knowledge in anything... Fighting Kwaruption indeed.
Fvcking dictator

Re: Nigeria Slides Into Worst Recession Since 1987 by BigSarah(f): 12:31pm On Nov 21, 2020
Those who fail to learn from history are always bound to REPEAT IT...
Nigeria really needs Renegades...
Re: Nigeria Slides Into Worst Recession Since 1987 by Aplaudez(m): 12:32pm On Nov 21, 2020
Hardship has turn normal thing in this country!!!!!
God help us!
Re: Nigeria Slides Into Worst Recession Since 1987 by DiamondVee: 12:32pm On Nov 21, 2020
Check us on Instagram. You won’t regret doing business with us . Good morning
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