Nigeria’s economy has entered a negative growth as confirmed in a new report released by the National Bureau of Statistics (NBS) on Monday August 24.
The country’s Gross Domestic Product (GDP) contracted by –6.10 per cent in the second quarter of 2020. The decline was as a result of contraction in domestic and international economic activity during the quarter (April to June 2020).
According to the NBS, the initial restrictions of human and vehicular movement implemented in only a few states, the nationwide curfew, ban on domestic and international travel, closure of schools and markets etc affecting both local and international trade were part of the domestic effort that aided in the decline.
The negative growth puts an end to a three-year trend of low but positive real growth rates recorded since the last recession in 2016.
Why are we always facing this type of problem in our country
God help us in this country.
Nigeria economy has always being in ruins
Nigeria economy has always being in ruins God help us
Which is very bad for the country ,right now you can not even buy anything again because is too expensive the government has to look in to it before people die of hunger
we always facing this type of problem in our country
right now you can not even buy anything again because is too expensive the government has to look in to it
This is barbaric.
Everytime God help Nigeria
Nigeria economy has always been in ruin
ahhh why na, what’s going on
What’s happening to this country self God help us all
we always facing this type of problem in our country
Something need to be done augently as to stabilize economy, am afraid what will happen in the next few months.
Why na what’s going on
Nigeria economy has always being in ruins
Why is this our economy decreasing each day
Hmmm na wa oh nothing in Nigeria works well even our economy
Why e no go enter when them don steal our money finish
Hmm
Quite expected
I really don’t know what to say
May God help us…..this resulted from the poor management of the economy
9ja
Why most Nigeria be different god please help us
What’s happening to this country
God help us nigeria we are just going down gradually
This country why are we always going back only God we help us ooo
May God help us…..this resulted from the poor management of the economy
Nigeria economy has always being in ruins
God help us in this country.
I hope the negative is turned positive quickly.
Well it oka
Why are we always facing this type of problem in our country
Why are we always facing this type of problem in our country😁
I hope the negative is turned positive quickly😁😂😀