Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Finance Minister

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Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Finance Minister

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has warned that Nigeria may go into recession if the coronavirus pandemic continues for the next couple of months.where she gave an update on measures taken to mitigate the effect of coronavirus on the nation’s economy.

She explained that this was why the government was looking for alternative sources of funding in the form of budget support to boost the economy towards the trying times. Atiku had proposed the distribution of N10,000 to 30 million households as foodstuff supplements, reduction of the petrol pump price, and suspension of stamp duty.

 

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Nigerian dey sleep and wake in recession.

Have we gone out of recession.....

She means recession S plus.

Oh!!!so u didn't know we were in recession b4 abi?oh ,I forgot u av enuf money in ur bank acct and in six months tym ...it will be exhausted. Eskis me ma ...e be like say u and ur cabinets av isolated ur brain

Delister26 Another recession? On top of the one that we are already? 🤷

We ve been in recession since 2015 nah.

Wow...wonderful... And national assembly members are still buying exotic cars...2020 model. Pls remember to update your boss that we are also close to civil war than expected

How much be senator salary? Cut am!!! All the stakeholders cut their salaries Make una use una head naw!!!..

Where we de before 😒😂😂😂

Humm, which other recession big pass the one we dey for years now? We never commot na

There's a lot the government can do to prevent the country into going to recession if covid-19 continue beyond six months.Let the government takes all those measures than suffering the citizens

Don't terrorise us with recession yet. First thing first. We will cross that river when we get there

Recession will be a general issue if it persist.

You must be testing positive to make such tweet. All of you leaders need to be quarantined.

Which recession are you talking about? Is it the one we've been facing since 2016? You people must be thinking we are fools.

Ohh....we aren't in recession already? Aren't we approaching a depression? 🤔🤔

Why didn't they lock down the country since January

Which recession? Abi this one Dey craze. All this years, All the money our country is generating. Where did they put them? Awon ole!!!!! Thief!!!!. Na this time of corona you people go spit out what you eat. Corona kill all of una family there.....👉🏽

Not only Nigeria

Sorry ma, that's not new! We've been there before, we're still there and your empty brainer boss put us there!!!!

It won’t inshallah 🙏

Like say we no dey recession b4

Tell us what you’re doing to cushion the effects

Even with COVID-19 these guys are still stealing

We have been in recession for long now

We have been in Recession since 2016 so tell us something new

Yes because of the selfish interest of the NASS and greed of the our entire government and total wickedness of Nigeria leaders

This one is a late comer sha. What would happen to an economy with shut borders and deficit demand cum vicious cycle of poverty co_mingling with low reserves and currency induced inflation?

Another recession? Didn't know we were out before

Even with all this billions they are donating u are talking of recession...make una dey wicked small small

It won't exceed this month and next by the grace of God

Nigeria are in resection order

Ehh

Recession Pro or Recession Max? Haunty next topic please!

What is this Haunty saying? Every Nigerian Knows that Nigeria is always broke, nothing works in Nigeria, our hope is only on God!

We have been there, we are there and we will be there till further notice!!!

Then do something now 🙇

God bless you Sir for been Proactive....

What about the billions of Loans the world bank gave to Nigeria Government... What happened to it Please I need Agriculture Loan at least if oil money no pay Agric money can boast the economy

This one wey we dey pass recession

This guys no get work... You God Mrs Minister... Even Ebola no reach like that... even for China where the thing starts self no reach like that at the out break of the virus. I think u should be sacked fir such statement... Rubbish

This information is not needed from the minister by Nigerian.

Bad govt,bad mouth,rubbish people.If you spoil this country finish,we will see.Go and sit down

The country have been in recession since 2015

Which other recession are you talking about? The one we have been in since primary 5? Abi is it recession ultra 20

Oh no!! Not again

Was there anytime Nigeria has not been in rincetion? Later you people will still come up with a plane of borrowing bcus of that. You won't talk about the one you borrow for the convid19 break out God is watching

U mean recession pro max ? BuhariResign

What we are experiencing in Nigeria 🇳🇬 is modern that

We've been warning your government of rainy days and here they are.

Madam as a finance Minister meet with the appropriate power and reason together before it becomes worse, please oooo

What's different now and before as far as impoverished people is concern. As a failed state, you don't just talk bcos other well managed economy are talking. Nigerians are being in Recession throughout their lives. May be if you have limited cash then it may affect their looting

Your appointment there to find solutions more over no Nigerian can eat three times daily so therefore we are already in recession.

Talking trash

Nigeria is already in recession since naaaa.

It's not new. It should even go now.

Are we out of recession and when was that

We are in recession already

We were heading that direction before the outbreak of covid 19

What is our problem.the poor's always feel Nigeria recession. If they go more it affect only the poor

Before nko...since all the recovered money and borrowed money and tax money has been used up by some perilous people with no record of what they did. I maintain it. This Covid-19 wants to do factory reset settings in Nigeria...

six month is far,... talk of a month time .. just one month

God forbid

We have always been in recession ,I have never enjoyed anything.... So let remain in recession and sell off all those cars by the senators and their salaries then reduce the cabinet..

This one is talking about recession when the lives of people is at stake

We don’t pray for that insha Allah.

Instead of the Federal government to do TOTAL LOCKDOWN in order to curb the spread of COVID 19 at once like how China did, you are here projecting into six months

Truth be told you law makers are jokers. U don’t have a slightest plan to boost this economy, rather u all want to drown the economy to the bottom. We will all drown along with it that what you all forget. She covid have come for all. No worry I go soon set

You mean to say Under recession because Nigeria has been in recession all this while. Tell me what is working in this country. 21st century we still have no constant electricity supply.

Are we not already in recession or it’s PROMAX Recession?

We're in recession before now, let's not blame it on COVID19.

where were we before, Resumption?

We have been there since I was born and am getting old I have never seen recession changes

Exactly my point

Nigeria is already in recession. Are u sure u are qualified for this?

Were we out of recession bf? Ds pple re jokers. Smhhh

Aren't we in recession already?

Cut the salary of your Senators and Reps now. Cut cost of governance now before it gets really bad.Withdraw tha Toyota Camry 2020 from them and don’t renovate the senate house anymore for now

We are in over recession in Nigeria already she should shot her mouth off...she's rubbish😡😡😡

And they are buying brand new cars for the senators.

The world will

This one just woke up. Nigeria went into recession since Buhari became president BuhariResign

Does she know what is economics before she was offered the job,Kemi was far better!!!!

Minister that cannot think. All she knows is to channel funds only to northern projects and irrelevant things

Madam go and sit down a pray for your country, Nigeria has always been in recession no be today

Where we not already in recession?

is it not time we stoned this poliricians

Befor now, we are on recession.

Your directionless government is the worst recession Nigerian are coping with, ma'am

If COVID-19 Continues Beyond Six Months, The Whole World Will Go Into Recession.

We are in recession already before COVID-19

No it won’t if we cut down on inefficiencies in the economy. We are for the most part just squandering our resources by not separating equity from efficiency.

We have been in recession... Are you daft to not know? Buhari government of incompetence

Before were we out of recession that the prices of food items never drop, abeg we hear ko madam

Have we ever been out of recession since. 6yrs ago?

Was there anytime we were not in recession...

Uninspiring people speak with so much certainly when it comes to negative News

Abeg dis one wey we come dey now na wetin

So what are we in at the moment? Boom

This is the kind of Nigeria 🇳🇬 we have.

Fine you've identified a problem your job is to avoid it

So all this while we are not on recession bitch

The whole world

R we not in recession?

aishambuhari Recession is no more a new thing to us. Bring it on... mtcheeeew

As if we weren't already in it.

We are always in recession so it’s no biggie

I no wan talk before...so nah our finance Minister fine like this? Oga Buhari...una try ooo at least if you no get anything right at Least you get this one right, she fine, chai say baba, hope no be wetin I dey think ooo...

Hasn’t Nigeria been in a recession since the early 1980s?

Now you are rashly shutting the stable door after the horse has bolted!

You & your atrociously dysfunctional, incompetent, clueless & daft gov't are squarely responsible for whatever COVID19 does to the country. You were forewarned & duly apprised of exactly what to do, to avert it, but you did nothing!

I hope this does not mean we might be going back to our slave masters after COVID-19.

Training wheels dun fell off.

Six months? Are we counting from Dec 2019 when it started in Wuhan? Or February 2020 when it got to Nigeria

Is there a time that Nigeria is jot under recession. Tell Nigerians reason why this government depleted our reserve and went on borrowing spre

So this one is economic surplus,, recession that u people have thrown the country into since.

No dear, Nigeria will go into recession if you keep spending our funds on latest cars and wardrobe allowance

This one is not new.... We are used to the scare.

When did Nigeria even got out of recession that she will be going into after six months of Covid 19

So are we in progression now? We are not new to this shit, only God can see us tru

... madam, six months is too far for a country with feeding bottle economy, in which the salary of a politician is enough to pay the minimum wage of 1000 workers...

elly2k5 Recession and Nigeria are siblings

The word recession so sweet on their tongues

Recession can only be recognized if a country gdp falls in two different quarters. So 😂

Who be this?

are we not in recession already like this?

Stop fooling yourself, we know how incompetent you are, let me sound it out to you that 🇳🇬 has been in recession for the past four years of this mbuhari regime.

We already know this that's why we want to know what you are doing? And where is the president at this time? This is the greatest challenge of his presidency and he seems to lot know it

Were we out of recession before?

Where have we been!

Why are you still saying this when we are already in recession or Nigeria will go into recession plus...Cut the salaries of the corrupt politicians and change the constitution that would benefit the masses too...Backward Government

Chai....

We don dey recession since

Na now una just know

That's the fact

Where are we currently?

Nigeria is in Recession already no need to lie to us

E be things 😌

I thought we are already un recession .....abi recession dey two type?

Recession but Politcians salary never stops nor reduces .

Oh I thought we’ve been in recession since 29.05.2015

Don't tell us this, cut salaries for NASS members.....let us start from there.....

We are in recession

E don tey wey we dey recession, have we come out of it already before, and we want to enter another one. I laugh in CAPITAL LETTERS

Havnt we always been in recession?

We know

Have we for once been out of recession? 🙄

The world will go into recession madam.

abdool_moh wE'Re ReAdY tO fIgHt ThE cOrOnA vIrUs🤡

First time I hearing the Minister of Finance 😔

Six months?😳😳

abdool_moh Oga be confessing good things

Your budget is on $60/barrel, the now it's less than $30, even that you can't access with lock down. $30b loan could not be accessed, stock exchange down, tax zero, custom no revenue and the Gen Covid is on ground. You don't need 6month we are here already.

All ready in recession

Nah cash out statement be this oo

Reduce the salaries of ministers,reps,senators etc..

After all Nigeria still recession up-to-date...I think covid-19 will be good idea to kill all you guys ... because this unah regime worth than bush meat regime

Recession or no recession what’s the difference. Nigerians are already suffering.

Wait We no dey recession since?

You this fortunate to this govt cabal ..unah get low key brain ..this country need to divide so every part will go for so called recession ... because I don't understand how stupid fool you think Nigerian is .. despite unah unfortunate govt regime

Have you been out of recession before?

It won't by God grace and human way of thinking

It will soon be a thing of the past by God's grace

Has Nigeria been out of recession since 2015 or she meant a worse kind?

What have we been on before

That's no more a news madam. We have heard of it before.

How dis wan wey wear glasses wan take see say we never ever for once comot from recession. Haba! .. somethingweydonMASTERbody

We don't need to be told. Its not a forcast. Start now to look for alternatives to build the economy

What's the difference between now and when we eventually go into recession?😰😓 Next person please...

Biko pay salary first before we get to six months...

So, even after the money, people are donating?... How much do they need, let me donate?

If only your govt has shut the land , water and air borders at the right time, we would nt have ...

IamIJOBAFUAD If we go into recession just know that we are going to war

Which of de recession again after de1 way we don already dey inside since from dey 1... Just come out an tell us Nigeria will sink ..

Six months? You obviously dont knw your job. The US has been on lockdown for just 2 days and they re already in recession talk less of our recessed economy.

Definitely we are heading towards recession already

Where are all the donations? Money gone into hiding abi?

Is d whole world dat will go into recession. And aftermath hunger will be greater if measure are not taken.

we are already in recession

We had been in recession b4 now ..we only came out of recession verbally but deep inside our economy we know that this administration has finished nigeria

Okay

Abeg where Nigerians we dy since?

Madam, u can't threaten us..we, the poor don dey recession tey tey.. na una he go affect

The Senate have enough money that could last them an their family up to 40 years,just a year cut in their salary to give the citizens will do no harm.abi shey the Senate can't sacrifice just a year salary gor their voters Ni🙄😏

With or without coronavirus Nigeria is in recession since the arrival of this clueless administration.

Nigeria has always been in recession na

How about you slash the senators, law makers and all government officials pay.

Thought we are still in recession?

You better start hawking crude oil now.

This one way no know anything.

Where are we now. Have we come out of it before.? This people are funny

She no lie

Na every yrs we dey recession oga oo

We dey recession before nau. Abi we don comot for the recession because I don't see any difference.

addbaj Like we are not in recession before.

We've always being in recession, no difference. We've a looting Government

Super recession. Cut cost... All frivolous spendings should be stopped!

Recession kee u dere...... We r talking bout how we wil breath u r here ranting of recession

Auntie leave that thing... Una don use our future borrow money finish...

We are in recession already.. Bcz the bad leaders we have in Nigeria are also recession to us... Stupid country, with incompetent leaders

Already in recesion before now

Isn't Nigeria almost perpetually in recession due to CORRUPT LEADERS?🙄🙄🙄. COVID19 NigerianLeadersShouldDoBetter

Nigeria will go into recession and you people are still buying cars🤡🤡🤡

Because you studied Health Education instead of Banking and Finace

Nigeria has always been in asymptomatic recession all along

Never new we are out of recession sef

Excuses. With all these billions people have been donating.

How are we not in recession like this already ? 🤷🏽‍♂️

I thought we neva left before!!!!

We've not been in recession

We are already in recession since APC camd into power ai

Otelari anyi no recession.

Which other recession? The one we entered since 2015?🤨

What's the solution

Madam are we not already in recession ? Ani hw recession de be again ? U for say Nigeria will collapse if dis Covik1-9 ellaspe 6months

Were we ever out of recession🙄🙄

Madam, we have already been told today that the world which Nigeria is a part of, is now in recession

Nigerian are suffering today because there is no single honest man. The lack truth, even the media tells lies. The cover up stories. Repent ye all, 2 Corinthians 5:10. Jesus is King and He will judge all. Where is Mr. President and Co. The nations need Revival

Go and agree to pay cuts!

Do I care..

Are we out of the self imposed recession yet?

Were we out of recession b4? Ahbi we re already use to the recession

Madam prophet, Na waoooooh!!!!

So u wan talk make dem think say u dey talk sense tu? Una no fit giv each family food stuff's and money, no electricity and we just have to stay home, in all these the group of mumu still dey share exotic cars.. i think na jus have to die of the virus sef😡

Nigeria should go!!! God bless nigeria

Can you stand for six months. Let’s wait and see then

If you ask her the proof now she will not know what to say.. wetin remain for the recession now?

We’re in Recession since Buhari became the president of Nigeria...

When there's no COVID-19 nko, what's the difference?

Wetin we Dey before?

So where are not in recession before,

Does she know how long we have been in recession?

Stop lying on COVID-19 u guys are already in recession plus u never got outta it.

Nigeria is in a mess already b4 now, the proposed $30b lone is certainly not gong to work again as those who suppose to lone Nig d money is in big crises now

Minister that doesn't know simple mathematics, is that one a minister

Mtcheeeew

Nigeria has been in recession with the damn folks running the country bunch of slicks

Six months? What the fuck

You don't know what you are saying.....awon ole oniror

God will see us through

Pls what is the meaning of recession

Theinioluwa E nor dey fear us. Na the thieves e go affect. To the poor man, e done try when we dey recession. Nor dey threaten us.

No be today

You guys still keep political offices attractive . Continue and let's enter then recession

It's better we enter it

Na wetin we de now? or na where have we been? Nigeria just like d rest of d world is already in recession... I beg tell us something new...

Nigeria is already in recession.

But reps are sharing exotic cars .where did they get the money from.

Useless leaders and incompetent minister of Finance NigeriaGov

Is the economy not in recession like this?

But Nigeria has been on recession ma

What are these people know about economy..who doesn’t know that Nigeria is going to bear all the sufferness in the whole world after the pandemic

We are in recession already

Six-month kee😡 We are resuming back this April

If 6 months...we still try. The Global pandemic is not even up to 2 in United States and it hell bent in recession already.

Abimberry Not again

😭😥😥 six month ke,pls we are tired already😭😭😭

See mumu, Nigeria not in recession before

What is our business with that, have you solve your own problem in the country, President style government.

'Nigeria may go into Recession' is quite different from Nigeria will go into recession.

Not good

The nonsense politicians will runaway.

This is bad

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