Finance Minister, Zainab Ahamed Reveals Why Nigeria Will Go Into Recession

Zaina Ahmed, Nigeria’s Minister of Finance, has said the country will go into recession if the Coronavirus pandemic persists longer than six months.

She made this known when she appeared on Channels TV on Friday March 27.

“We are hopeful that this pandemic will be limited in time. If it is an average of three months, we should be able to close the year with positive growth. But if it goes longer than that – six months, one year – we will go into recession.” she said.

Recent Posts

The Headies 2024 Awards: Odumodublvck Leads Nominations as Mohbad Earns Posthumous Recognition [Full List]

The highly anticipated 17th edition of The Headies, Nigeria’s premier music award show, has set the entertainment industry abuzz with… Read More

6 hours ago

Alleged Photos of Engagement Ring, Acceptance Gift From 2face To Natasha Surfaces Online

Nigerian music icon, 2Baba, has remained a trending topic following the news of his separation from his wife, Annie Idibia.… Read More

7 hours ago

Kanye West Dropped By His Talent Agency Over Antisemitic Social Media Posts

Kanye West, has been let go by his talent agency after a lengthy antisemitic outburst on social media. This action… Read More

8 hours ago

Davido Gifts King Of Ede Oba Adesola Lawal Brand New Car On His Birthday

Davido marked the 70th birthday of Oba Adesola Lawal, the Timi of Ede, in a grand way. The king celebrated… Read More

8 hours ago

Man Shares Story Of How Wife He Sponsored Through University, Bought A Car For, Ends Relationship At UK Airport

A Nigerian man has told the painful story of how his wife, whom he financed through university and purchased a… Read More

8 hours ago

Heartwarming Video Of Mohbad’s Son And Bella Shmurda’s Son On Their Way School Goes Viral

In a heartwarming viral video, Bella Shmurda takes his son and Mohbad’s son to school, spreading happiness. Mohbad, a gifted… Read More

8 hours ago

This website uses cookies.