Nigeria’s Economy Faces Worst Recession in Four Decades, says New World Bank Report

Nigeria’s Economy Faces Worst Recession in Four Decades, says New World Bank Report

The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”, the World Bank said on Thursday. The World Bank, in a new report, titled ‘Nigeria in times of COVID-19: Laying foundations for a strong recovery,’ estimated that Nigeria’s […]

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Source: Nigeria’s Economy Faces Worst Recession in Four Decades, says New World Bank Report

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post culled from nigerianpilot.com