On the 21 November 2020, Nigeria slipped into its worst economic recession in over three decades.
According to World Bank and NBS figures, this is also the second recession under President Muhamadu Buhari’s democratic reign and his fourth as head of state. The 1983 recession is, however, not directly attributed to him, seeing he took power on the last day of the year.
The 2016 economic recession was as a result of a massive decline in oil prices, and poor management of the currency crisis, experts said at the time.
The 2020 economic recession was predicted across the world as a fallout of the ongoing COVID-19 pandemic, which has affected some of the strongest nations of the world.
The collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, the World Bank had said.
However, growth has been fragile and COVID-19 has hit the economy hard, amid low oil prices.
Truely the Covid-19 pandemic affected every other part of the world, but on Nigeria’s side, it’s a clear case of incompetency and careless from our leaders. Most of these men ruling us are not even qualify to head a Whatsapp group. Some doesn’t have ordinary WAEC certificate.🤦
If You Are Made President Today, How Will You Get Nigeria Out Of The Current Economic Recession?
Abi You Go Worst Pass Buhari?🤔
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