BREAKING: President Muhammadu Buhari Leads Nigeria Into Another Recession In 5 Years, The Worst Economic Decline In 40 Years

The economy under President Muhammadu Buhari’s watch, has slipped into its second recession in 5 years, after the Gross Domestic Product, GDP, contracted the second consecutive quarter, Page 36 learnt.

The National Bureau of Statistics, NBS, on Saturday, announced that the nation recorded a contraction of 3.62 percent in the third quarter of 2020.

The country had earlier recorded a 6.10 percent contraction in the second quarter.

It is the nation’s second recession since 2016, and the worst economic decline in almost 4 decades.

The Nigerian economy has been battered this year by the coronavirus pandemic, which caused significant decline in oil revenues, and crippled economic activities.

Also, the failure of the government to stop wasteful personal spendings on top government Officials during the pandemic, could also be blamed for the recession.

More news later…

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