The Nigerian economy is in full recession.
Data compiled by the Nigerian Bureau of Statistics show that the economy has not recorded growth in two consecutive quarters.
The country’s GDP rather went down negatively by 2%.
The report which is planned for official release on Wednesday, indicates that the economy is in its worst form in twenty five years.
Major indicators of recession include a running inflation, high unemployment, low manufacturing capacity and a worsening value of the naira.
Author
