Recession
The last time the oil price crashed to as low as $27 per barrel in 2016, it battered the Nigerian economy and threw the country into recession.
Nigeria is on a free fall to extreme poverty, U.S based Brookings Institution reports.
The amount of money they sprayed at this party will make you wonder if there’s anything called “recession”.
IMF projected Nigeria’s economy to grow by 0.8 per cent this year.
Juliana reportedly dumped her day old baby in a soak-away because she was financially incapable of taking care of the infant.
Osinbajo said the protesters’ displeasure at the government were heard “loud and clear.”
Goods perished, but no life was lost.
He said the hard times will last for two years but those who follow his instructions will enjoy abundance.
“Nigerians are used to ups-and-downs in the economy; what is needed is clear communication from government to allay people’s fears and restore confidence.”
“If she can pray for one hour, she would be the perfect wife,” someone said.
Ezekwesili actually said these?
According to him, there was no way Nigeria could have avoided the recession having lost 60 per cent of its revenues to economic saboteurs in February.
The report confirms what Nigerians already knew.
Officially, Nigeria is in a recession.
The airline has been troubled for over five years.