JUST IN: Nigeria's economy will definitely go into recession - Finance Minister

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'In any case, we will go into recession but what we are trying to do is to make sure that it is shallow so that we will quickly come out of it come 2021.'

An assessment by the Nigeria Bureau of Statistics indicates that Nigeria’s economy will go into a recession at an average of -4.4 per cent, the finance minister, Zainab Ahmed, has said.“The National Bureau of Statistics has made an assessment. So, it is the NBS assessment that Nigeria will go into a recession measuring at an average of -4.4%.

“And if we applied all that have been proposed and we are able to implement it we may end up with a recession that is -0.4 per cent. In any case, we will go into recession but what we are trying to do is to make sure that it is shallow so that we will quickly come out of it come 2021,” Mrs Ahmed said.

Nigeria also closed a large part of her economy to prevent the spread of the coronavirus. All its airports are still closed except for essential flights while businesses are only partially reopened.

 

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No single truth in this present government it's all propaganda shame on y'all all

When uv bleed the country dry

Why won't nigeria enter recession when d country is run by family and friends.why won't economy go into recession when Buhari have agenda of 1865 in 2020 to execute Usman da fodio conquest.Since he came into powder blood shade everywhere.They are spreading to S/ East to continue

And you are busy feeding school children for 678m naira every day, right?

Yet your govt is still looting, plundering & destroying the country in all fronts.

So be it . When oil sold above benchmark, what did we do with it? Don't come and tell us this trash. You people are managers of the economy, what's the common man benefiting?

And the government is still feeding fake children against public protests everywhere?

We know that already. Recession 2.0

Was the economy working b4 now?

Slm

No good news. Mostly bad news

Ma'am, Nigerian mases are already in recession.

God forbid

Our finance if know will go into recession why wasting 679,000 naira every day on children that are going to cry tomorrow. Please stop this wastage now.

thehighmother As expected

Let the finance minister give us more clarification please, which stage are we right now if not recession.

The show must go on

Is that a wish?

Allah will make a way for us

Nigeria economy has been on recession since 2015. Whats the difference?

This woman is a criminal Nigeria will never recover in a hurry from her loot..

There are ways to mitigate the damage. If really she knows her job..

We been knew

It's worse than a recession. It's hyper-inflation, Nigeria are about to be the New Zimbabwe. New Venezuela.

This woman is as clueless as her boss

After you keep borrowing and borrowing money home and abroad. Sharing it among yourselves. Meanwhile, how come all the good positions in buhari government is all leading by the Northerners 🤔 I thought we have more geographical zones. Thumbs up

Ba dole tunda bakwa karbar shawara

Will go or has gone? Block heads

Which phase were we before?

thehighmother We know 😩

Nija we go hear am die ,things are about getting worst my people ,even after the covid 19 funds you guys shared amongst yourself ,this is the most wicked set of leaders I've seen in my whole life

Before nko?

Let our economy open up and recession will be stemmed. We can no longer continue to jam it any longer and think such economic calamity will not befall us again. Let our leaders be sensitive and proactive to the people's plight for real.

thehighmother So the economy go still worse pass this e don happen

Nigerian government will fails into recession both, the poor Nigerian we are at recession seen we don't minds

Recession again?

Since you know how to borrow and loot then you can save it

No JUST IN

Do we need rocket science to know this before.

Recession That has already kicked-off even before Covid -19 Pandemic! Why the Campaigns after Election results have been announced? Mtcheeeeewwww

Always terrible news.

Depression probably.

grandespinale

Confused set of people

Useless, unpatriotic, unprofessional, bigot headline. She never mentioned any of those..

Babe see your people Oluwaraymz

Madam finance minister what is the solution, because we are not paying you to tell us about the problem. Kindly come up with a solution or you leave the office. NOIweala will give us a solution, rather than problems.

Japan 🇯🇵 3rd biggest economy in the world went into recession,,, na kon a Nigeria wey Abacha and Buhari, past and present leaders don steal 100 generations

You guys(politicians) can stay in recession, as for me and my house, we have no business with recession. When men say there’s a casting down, we say there’s a lifting up🙏🏽

A 5 year old child know this, common tell us what we don't know.....this woman just daft like her boss, God we need Ngozi Iweala or the Kemi Adeosun of this world.

You people are just doing us as you like my God will Judge you all nd ur oncoming generation

An obvious fact....

Sure it will. Continue sharing food to school kids at home with the little money you have. Hollow brained species.

Palliative minister looking for another stimulus package😂😂😂😂😂😂😂.

Which other recession is she talking about please New recession or the one we have been experiencing since this administration

You want to go into recession, so you are stealing money to cushion the effect abi?

APC led government choosing buffoonery over knowledge

Simply because our present leaders are incompetent.

I was expecting this news a long time ago with the current wave of covid19 world over. The entire world economy came to a halt and for a country like Nigeria, who is trying to diversify lately than depend on a single source oil economy, it's inevitable. We'll emerge victorious.

the situation is very serious

It's in recession already. No need for cosmetics

I suggest massive domestic production through division of labour.........

We're sitting on a time bomb already nd the ticking is getting louder nd ready to boom but not even ur entourage would b able to protect you crooked politicians wen ds country go boom

Thought it recessed some 5years ago? Did it recover after 2015 That it is now going back?

The border closure and the borrowing spree is no longer working 😐

You have finally helped your failed government in actualising their dream.

You have gone into recession already in your imagination!

1. This is the direct quote of the Honourable Minister of Finance Budget and National Planning. 'The World Bank maintains that the impact of the COVID-19 on Nigeria will lead to severe amplified human and economic cost, which will move the country into a recession.

E don tail wey we know say na Recession country wey we live na. With all these Cabals looting Billions of Naira's. ko!. Naija na knockout nation jare.. abeggiiiii.. waka!

Let's brain task

I thought them they recession already... 🤪🤪🤪

This what u want say MAY ALLAH SEE US THROUGH

When jungle mature, this is the first person i go chop

It is not a news again and we are not surprise either.

Follow and get instant follow back

Why won't it go when you are insisting on feeding ghost school children whose addresses you can't trace with N657 million daily against popular opinions. My hope for this nation is on God alone cos He knows how to cause a turn around even in the worst of situation.

What do you expect? When the federal government through federal taxforce on covid19, minister of health and NCDC have finished all our borrowed money, the remaining balance have been squandered by minister of humanitarian affairs as she is feeding school childrens at home

That's what it should be. What do you expect after all the loot and burn?

Surprise are we out of recession in any way before apart from technical n in new paper n audio.

Rocket science

so they know this and they keep on spending our money on senseless projects like feeding of school children at home, trader moni, so-called palliative without known beneficiaries

Not even 'likely' but definitely.. Nawaooo

From the first day of March, we already knew.

Does she even know the meani g of recession?

Haha aunty! Even with the returned so called Abacha loot?

Nigerian economy has no definition, my hon minister. We all,in economics, know.What do we call the status of Nigerian economy for some times now: depression, recession, inflation, stagflation, growth? All of the above? Just tell us.

“But with the work that the Economic Accessibility Committee is doing bringing stimulus packages, we believe that we can reduce the impact of that recession” it’s not even about solving the root cause of recession or stoping recession. What is the stimulus package?

All i see is excuses! These people can’t keep giving excuses na.

Useless people

I am so, impress with ur choice words “DEFINITELY”. And I’m not surprised following recent happenings in the Federation such as strategic fire 🔥 outbreaks, compulsory school feeding to children in d moon 🌙 etc. now I understand why, ofcos these are ppls workshop

There are exemptions o 🧐

APC, recessional political party heading a recessional government even the leaders health is in recession there way about in recession

We are use to it, have never seen a government like this before, there is nothing no good news about this government we are only waiting for the 2023 let's just hibernate till then

That is no news

Bitter truth. However, I shall not go into recession, I will have lifting up... No negativity for me, my friends and my folks. We possess the abundant economy.

May better says show up. More positive energy peeps...no to negative vibes

Recession has been part of our lives for the pass 5 years Of this administration!!!! So there’s nothing new!!!!!

Most countries of the world will experience recession. It is not peculiar to Nigeria.

veobosi This is what is called total Barbeque! Imagine recession, isolation, lockdown... Before we only heard of Ghost workers, but this time around, we even have ghost Ministers...if you like, turn the country to a Federal republic of Recession, it wouldn't panic Us...

See the hunty wey wan drag us into what I don't know

okay

Probably

we have always been there. maybe regression this time

veobosi Gasbytweet i can see that you're one of those Ogbomosho Agboro Dafts whom only specialized on eating swallow and Ewedu. Where is the 21billion dollars EU contributed to Nigeria, and 850billion loan request by senate to president, where are the 111billion US dollars?. U dey sick?

Why recession again

Thought it's already in recession 🙄🙄

You guys create the recession by yourself, borrow borrow government

Well done madam minister , at list you have gotten the rounds of applaud you wanted

On what premises

veobosi This is what we have been waiting to hear from you, but i think its time for the finance Minister to tell Nigerians how the Economy would go into Recession while the Country was in lockdown for over a month.. Meanwhile is it the Visible or the Invisible ants that temper with it?

Who will help naija recovers her economy? Sure not all these leaders whose belly is their god.

Ohh I really thought we've been in recession 🤣🤣

Loot and bune govt

Or already in recession

Hahahahahaaaa....funny comedians nicked named politicians. Nigeria economy has been due in recession since bubu administration. Look for another name we're used to this one

Oh, how reassuring! Way to go, Minister

Make we no enter depression is the koko, we dey recession every day.

Other things that surprise me in this country is about the so called professionals. They call themselves Doctors, Engineers, lawyers, Professors, Politicians, Prophets, imams, unionist, Economics etc only to hold big positions are looking to the destruction of the country.GOD DEY

EURUSD SELL NOW 1.9256 Sp:1.9256 Tp:1.9206

What do you expect, when a particular person is people who don't know anything called innovation. What they know is how to spend money carelessly are the ones in power. Let's break this force marriage or we die here. One thing is for sure, IGBO man will never go hungry.

This became eminent since July 2019 not because of COVID 19

We are not surprise blc A P C government has always been from one story to the other.

Let us curtail our excessive borrowing. The manner we are going, I hope that soon will not enter into a negative narrative.

As if the economy have not been on recession before now

Nobody expect anything good from these coconut heads

Before nko

The country is hands of evil rulers whom are just there for personal consideration of their selfish interest. Note all this evil doers will still die on day. You do good or bad you must die. But after death there judgement. Mrs finance from isolation to recession God deyoooo

And you are proud to say it

With the kind of stupid school feeding that you people re doing, recession is guaranteed.

Nigeria has been in recession since 2019. Don't tell me differently.

Still you are still feeding online.

Something dangerous and scary More than Recession is coming, so wait for it! God will ensure Somalia will be paradise compared to what Nigeria will become soon. You people have not seen anything yet! Nigeria and Nigerians will suffer for their years of evil, fraud and deception.

Consider sell the British maket to communist of China Problem solve

After feeding children at home the money has finished

These people keep messing with our country and our head too but the worst is we can't do anything about it.

Officially, but we have always been in recession unofficially

If Nigeria should go into recession again. Then it will be a failure on part. Cos the success or failure of a Nigeria economy depends on the strength of your professionalism and office as it Minister of Finance. And citizens will need answer on HOW & WHY we got there by then?

God forbid

Is there any difference?There's nothing to show that we are in or out of recession ...

So where is the News here, or am I missing anything out of the normal tide?

Nothing good comes from Fulanis even if U made Fulani US president there will bring US to zero like zoo Nigeria because nothing good comes from Fulanis, if U give Fulani world Bank to control under 2 months it must be zero like Nig. only thing Fulani can do is cow🐄-Terrorist

Nigerian we dey recession since 2017.mtceeew..I hear..

We already knew before you announced.

Who stole at least 70% of Nigerian economy? No be politicians!

My country leaders, uhmm I hail o

CC: William_Ukpe They have stopped being 'patriotic'.

Woman are u the first person to took that office,,, u have been a failure since day one. U all have failed Nigeria. There's no good thing i will tell my kids about this country, from military regime to democracy. PDP/APC/APGA... etc, u guys have failed this country to the last.

If not on till you guys sell dis country,una mind no go down.

There is god oo

I think d loans we recieved & d billions of dollar donations we got from within & without will remove us from d recession. Hence d coronavirus has halted d supply of oil to energy market.

Some people here still can't differentiate between Finance and Humanitarian and Disaster Management Minister 😀

Economic is already in recession, come up with viable plan,if u have any

Minister of money please tell IPPIS to pay Federal Institutions staff salary and allowances ... You passed through Higher institution before you could become a minister... Don't forget your fountain .

It is a lie ,stop deceiving us .... Pay our salary .... Federal institutions staff are yet to get April Salary.

Are just waking up from slumber? Economy that has been in comatose since when?

I know covid will always be the excuse.with or without covid out economic has been a mess before now.

I have said it many times, if you are waiting for a positive change in this clueless administration you will definitely wait forever, should we blame PDP this time? This giant of africa we really bought it with crude oil and abacha’s loot. idiotic fellows

I wish I was a sniper 😔

We are already in economics recession. What else remain

Funny things is PMB will never own up to it,he will soon come up with a big lie calling it excuse why Nigeria is the best economy in the world and an educated person in government will be the one to give Nigerians the lie

That is what you people want more especially Zabaya and co.

Which recession again na. If we are we currently in recession then where are going to recession again?

Didn't know we are out it?

When things are bad, people will hear from them. But kept quiet if things goes well for them. By the grace of Almighty Allah your recession won't affect masses

What are we suppose to do with this information, Mrs minister, why are you telling us the obvious?

If Britain , America, spain, Italy economy de recession, Nigeria escape , I go no say God come from Nigeria. D WORLD ECONOMY IS UNDER RECESSION NOT ONLY z NIGERIA.

Oh it will?

Buhari's regime has been bad luck, if not worse to the nation at large. We should avoid his kind in the future. renoomokri DONJAZZY

The most corrupt government in history of this country.

There is not good coming from dis wasted gov. Recessions Recessions Recessions government

Why us your dm closed; ?

Before nkó, we dey recession before nah, na to only determine our grade.

And it will still be orchestrated by the administration of MBuhari abi?

Fact still remains that MBuhari is a man with cursed destiny. He is destined to cause backwardness in anything he touches. Nigeria can never progress, as in, Nigeria WILL NEVER move an inch forward as long as a cursed man rules. His destiny can never be amended again.

Yeah.... Y'all politicians still needs to harvest y'all Millions though. Doesn't matter to y'all does it?

Tell us what we don't know, please

Stop announcing what we are facing.

Madam I don't understand. Meaning sleep or recessed.? God hope your watching APC government from isolation to quarantine, from quarantine to recession. We are finished.

How can't the country go into recession when you looted everything and using Covid-19 as an excuse?

Please other name cos economy is already on recession

When you help in diversifying the economy to YOU and your bosses pocket?✌️well done

And what are your plans to bring us out of recession?

This is why we are afraid of electing a woman as a president of this country, school has not resume you are using millions to feed student, you shard 20 thousand naira to Nigerians nobody receive alart, you shared 2 trilions to 9gerians,.. give acount u set treasuring house on🔥

ehigymetor Clap for yourself 👏🏿👏🏿👏🏿

Reduce waste and promote productive system's of government in every state, and every state should pay tax to FG n sponsor their Rep n senate members. No governor or president should appoint inec, police, chief Justice, their association n members should do it.

I regret d day I cried my first cry in Nigeria as a baby .from i isolation to recession.

MUMU👿👿

You don’t mean it

Useless people Nigerian youths have no meaning to you

Then they are wasting the small money to feed children at home ?

Will go? So we're not there yet?

Nigeria economy going to the Next Level... They were bold to tell us to our faces during the last campaign

And to add salt to injury, we have already borrowed ourselves several years deep into the potential recession

Tell our so called leaders to bring out some of the money they have stolen to prevent the recession. Thank You.

As if it has not been in recession since

Time to restructure... The northern youth will soon be moving into south like immigrants trying to enter Europe

Evil government of Nigeria.

The Govt put us in ressesion...may God punish all our Govt, they will never die well..inshaallah..Amen.

First no state should be on Lockdown. Open the economy fully. If you still believe NCDC your case need mountain of fire..but wait all the money borrowed last month with Abacha returned fund. You mean Nigeria is still going on recession?

Which recession again?

Na God help us o 🤦🏼‍♂️

Are you serious

This APC government are really funny.

Just like dat....definitely dem don plan am

When was this government not in recession?

Nigeria’s economy will definitely go into recession... After embezzled billions of relief funds donations, N679m school feeding. Nigerians are not talking about this administration. She must resign... 👇👇

Now we await new taxes and tarrifs on the masses so that elected officials can continue to maintain their lifestyle. 😊

The economy has been in recession since 2015, and it will remain until this calamitous government leaves in 2023🤷🏼. We are only praying and hoping that this government will not use Nigerians as collateral in its reckless and senseless borrowing. So help us God🙏🏼🙏🏼🙏🏼

Fake News under our oga buhari such thing can't occur, Nigeria economy is healthy ,1 dollar equal 1 naira jare

No shit

Hmmm, what a prediction.

Madam finance minister, you knew that Nigeria’s economy will definitely go on recession 5 years ago but you couldn’t speak about it cos people will blame this government for destroying the economy but you can suddenly speak now cos the govt can now blame it on the pandemic.

Inevitable

Why won't we, with irresponsible leadership!

Have get your salary?

Nonsense pple

Recession long time ago

We have been on recession since is this new or just wake up ok good morning then....

Isolation to recession..... Another way to cash out......More billions will also be spent to come out of recession.... Hmm

Madam, please be positive.

Finance minister that cannot manage the economy,' incompetence'

Double recession under Mr 2nd Niger Bridge.

Thought we have been there since?🤷‍♀️

😂😂😂😂😂, it has been in recession since I was born. It is nolong a new thing to hear...

It's time to employ competent hands to run our economy.

A strong accuse.

Who made this dunce minister of finance.

'We are not interested in the possibility of defeat ' Queen Victoria If all the taciturn finance minister thinks about and says is recession. Perhaps its time for her to leave... and have her recess.

Will it stop the politicians from campaigning and contesting for 2023 As if Nigerians have benefitted from their govt since 1960

Please aunty,can you explain recession for me?

As if it was stable and doing well before.......... ....... Mtchewww

Mans_ja Abi?

Idiot. When you hv looted the remaining money from what we borrowed from China and also shared some to killers from Fulani it's definitely going into recession nau. Senseless and unproductive group of people in APC

So all recruitments are suspended indefinitely. They have shared all our money finished. God will judge u all, hunger will now take over d country in big time cos I belief many people av lost their jobs because of this so called covid19, some businesses av collapsed & many more

BashirAhmaad ProfOsinbajo Which recession? A country where citizens Carter for themselves, 90% of business owners provide support for their businesses, Finance, power(Generator), even basic infrastructure. Corruption wont let us get it right. Thank God for MBuhari though.

So Nigeria politician can't give us good news once hmmmmmm is well with this country.

Is she trying t to say we haven't seen anything yet

Tauraruw mai wutsiya

Tell is what we don't know. This is not news to us, is obvious.

U people I mean our government don't have good news for us in Nigeria all we keep hearing is bad things ...... Why now u people are evil

FG will locate palliative with less dan 5000 in deir account using BVN Dos wu recharge less dan 100 naira every month are qualify 4 palliative FG has make U-turn they wil nt use BVN 2 locate palliative anymore FG insists on sch feeding Even this lies can bring recession

A very wasteful govt

From Isolation to Recession. MBuhari is a course to Nigeria Nation. Sad.

With all d sinzu money

What about IMF loan, is its intention not to cushion the effect of covid on the economy. meanwhile, all wasteful cost of governance is not checked including the alleged school feeling ; while pupils are at home with the lock down in place. This joke is expensive

Old story.

Economy that we've been trying to build. Corona has stolen the cement

After wasting our money

Let Nigeria also go into extinction we prayed. Amen!

Hmm

From Isolation to Recession.

Mtchewww.....

E don happen

Congratulations

Zainab Ahmed wey no sabi

The Economy is always entering recession anytime Buhari is president and Head of State.

The one that has been in recession since 2015 or which?

will go into? Where have we been since?

What it means to be out of recession is when the common man feels it. We're in recession right from the beginning of this administration

Right from the beginning of this administration to date we're in recession

EmekaOkoye Thank goodness that football is back shaa

Clap for yourself madam

We know already 😂😂

Every sensible Nigerian should anticipate that, bearing in mind the Corona pandemic which has affected socio- economic activities of the whole world. But of cos, Wailers must still show their stupidity

Has Nigeria ever been out of recession?🤷🤷🤷🤷

We have been in recession since you guys took over power

Those of you already abusing Buhari & the minister, did you read the story or you understood everything from peeping at the headline alone?

Finally ....Nigeria is now a crippled giant.

We're not yet in recession and it's like this. Is our present state not worse than the recession itself?

wman1618 Sound like that's inevitable

After they have borrowed and mortgaged the future of the country to China, why not...bring on the recession and let's have a ball fest,

Recession my foot. If I don't see government people riding bikes to office I won't believe there's any useless recession any where. Which money are u using to feed ghost children. What of purchase of exotic vehicles by various arms n levels of govt. Covid19 has exposed u all.

Lolz 🙄 🙄, since when?

Rubbish.

Is true, couple with the monumental stealing going on this deceptive govt.

We been knew 😒😒😒

All that Buhari,d minister,Bashir,femi Adesina & their jinxed administration need is Original ogbologbo curses.Make we rain hot curses on dem & their co-Armed robbers in this administration so that dem go fit kick bucket like the unfortunate dead Abba kyari.Make Ogun kill dem all

U don't need to tell us, we know it will already. So far it's in the hands of the incompetent people like u, u'd better ask okonjo iweala to consult for u

See diz mad woman oo We r already on recession... Hw many tym we go enter again? Ifb

What economy? Do you have an economy? Lols. Voodoo magic people. Do you know how many Nigerians exist on earth? If all of niger and mali republic troop into Nigeria, Can you tell the difference Like I said, magic people.

IFB fast fast

If you yourself stop stealing the economy will bounce back.

Very dull woman

Who cares?. When we are not in recession who did the economy help?. I don't even think there was any time we were out of recession since Buhari took over. The man has completely destroyed Nigeria in all aspect.

As if it's not been in recession all these while? What do u call a situation where more than half the population of a country are struggling to feed & the govt keep stealing? One woman claimed she was using over ₦600m to feed schoolchildren whom are with their parents at home.

This woman has to be some mega size box of confusion! She go seek debt! Then come warn of recession! Then come defend borrowing

Has there been anytime the economy has been out of recession before

It won't be significantly affected, we've never got out of recession since.

When una don finish the money na una family go enter recession abeg where buhari get all this women from self

Definitely Honourable Minister

bc the only economic development u have is borrowing

That we are yet to be in recession shows strong leadership. Germany and co are already in serious recession. We will go in and come out in no time. Only morons will think going on a recession at a time like this is unavoidable.....only morons

That's why BBN is coming as palliative. You go watch am till Christmas.

We in recession since KemiAdeosunng wrecked the economy and went into oblivion. The economy is going into depression if it's not already.

Awon oloshi Is the economy ok before?

oladseyOOE By God's grace, the recession isn't for me. It's for your government or regime. Stupid thieves!

Kindly help us tell Sadiya_farouq minister for FMHDSD to pay we npower_ng our stipends. This thing is getting worse

Why you want to create another hardship for us again, is it a mistake to vote APC

We are already thanks for making it worse

And COVID-19 will be held responsible. From the onset, I knew COVID-19 was going to be a scapegoat.

If covid-19 is still at this level by July. . Nigeria will definitely be in depression. .

An unpalatable news

IsuphJt When you people are busy spending 490m every day on ghost children.

It's already in recession since April

Who's fault. Mine or yours and buhari? 😒

This is not a news

Bring it on

Tell the truth to power

since the last 5 years, we've been in recession. what other recession are you talking about?

Whenever I read her CV I remember NITEL & MTEL.... And how they belled up n now she's CFA

I'm not surprised of her assurances as she is part of the senseless team of economists who plunged us into debt and instead of using the loan to executive productive self paying projects they siphoned the money to the north fighting self made Boko Haram and herdsmen terrorists.

You can’t even swear for this people because they are too rich -

The only three times Nigeria would be going to recession officially in its history would be under the leadership of one man. What do we call it, coincidence or incompetence?

Even before COVID 19, Nigeria economy was crawling under APC. Now, they see it as a good excuse for failure.

Another one!.🤣

After feeding ghost children

Statement of fact!

We have been in recession since October 1st, 1960. So, what do u want to tell that we are not used to? Second base o'jere.

Honest information but are you working round the clock to reduce it's impact? As a minister who knows the nation's purse, it's high time to advice the president to stop some unnecessary spending.

Lol. Where is the news? When grand corruption is the order of the day

The economies of global powers have gone into recession even before Nigeria due to the coronavirus pandemic. This is no fault of anyone

How? You think Nigeria economy is mainly oil?

Water is wet

Go and tell it to your people in APC who are messing up the country, economy, and governance.

Can't Nigeria get a better person to her job except for this Madan Recession? The recession seems to be her only language since she became a Minister 🤗

The country has always been in perpetual recession since 2015 so it is not surprising.A dollar is 460 at parallel market& that is the only way one can access the currency,CBN keeps spending billions to save the dollars while borrowing to SME remains poor with high interest rate

This time covid-19 is a good excuse for your failure and high level of incompétence - bullshit, nothing but bullshit !!!

But the salaries of the leadership won’t 😊

GMB with the unfortunate hat trick.

This is not a good time to be Nigerian

Always looking for excuse to fail incompetent people in govt...smh

So no one in that ministry that can solve the problem to save us from recession like no one to solve the equation? and y'all are Phd holder 🌚 so then why are you in the office if you know you are not capable, all of you are scam

You're actually playing smart trying shift responsibility, We're already in recession IN your awful & clueless economy policies, are you not aware of ongoing jamboree called school feeding? None of you ll escape the repercussions.

Go into recession or has been years into recession. When the economy isn't recessed, what were you able to do with it and what positive impact or value have you and your bunch of retrograde added to nation if not to heap trillions of debt for unborn children.

🤣🤣🤣🤣🤣🤣🤣 When Alamajiri is in charge what do you expect?😂😂😂😂😂😂 TheZooIsFinished

If it looked this bad before now, how bad will it be if in recession?

We never reach yet?

I shall not go into recession. When men say there is casting down, I will say there is lifting up for me.

The audacity though! 🤔 After spending over 600 million naira feeding ghost children, it's sensible to know that Nigeria is definitely heading for recession. Congratulations!

What is the difference self recession or no recession inept administration

The figures don’t define us.

Please what are we in now?

It makes no difference

🤣🤣😆😃😀😺😂👺👍🏻😎🤠

Post covid 19 wahala on the way

EmmanuelPentax This is no rocket science..Tell us something out of the ordinary

Nigerians opened their eyes wide and decided they must suffer for good 8 years. Issokay!

Clap for yourself

In today's episode of reverberating the obvious - water is wet, but tell us something we don't know... 🙄

It is the fault of PDP

And birds will definitely fly tomorrow.

What sort of stupid statement is this? Why recession? Are we the only one fighting COVID-19 in the world?

RealOlaudah Buhari's specialty! 3-time president and HOS, 3 times recessions!

The economy is already in a recession and the Covid-19 is a perfect excuse. We can't give what we don't have. Garbage in garbage out.

RealOlaudah Definitely or already in recession lol..

I am shocked!! Why is it so?😏😏😏😏....bunch of incompetent lot shior

NCDC mey una isolate economy eno well na corona dey worryam

, it is better for Nigeria Governments to 'cut Suit according to Cloth and not according to Size' in this Season increasing in Debt for non Capital Expenditures is not good for Nigeria

Good news

Recession and increase in hyperinflation as a result of the Coronavirus are not unexpected in a Country where Public Office Holders are not Problems Solver.

So where are we now huanty

After feeding the non-existing primary school pupils.

Is Buhari middle name recession

With u as the minster of finance, i don't expect anything good anyways

Our economy has already been ripped and siphoned by you people. GodSaveNigeria

This is not NEWS

Recession to depression

My problem is that by 2021/22, failures like tinubu and some other apc would be aspirants will start proffering solutions to our economic woes with promises of if voted they will turn the economy around. Since they are in the party with buhari, let them give all the solutions now

With the current fraud and reckless spending everywhere it will not go into recession but serious depression.

Despite all the spaghetti borrownese they ate.

Buhari and recession.

Am not surprised but immensely disappointed in the passed incumbent political officers. This is 9ja for us💔

Nigeria economy is always in recession abeg. This is no news!!

Season 2

Its crystal clear dat our challenges is bigger dan imagine.Folks get real,moment ur revenue projection is nt delivering,u will be in trouble. No magic,jst commitment to get up quickly.We shld stop leaving in fools paradise,once oil is affected we r vulnerable.mono economy is weak

With all the invincible school feeding programs and other areas that money has find way to run, why wouldn't Nigeria go into recession

We have been in recession since, so nothing will be new to us.

Lollolololilili..... We have always been their, so there is no need washing your time.. immediately the administration came in as a govt... They came with recession. We are aware.

Under the same illiterate

“But with the work that the Economic Accessibility Committee is doing bringing stimulus packages, we believe that we can reduce the impact of that recession.'- Finance minister Which stimulus packages is this woman talking about?

rugged_oo

Old news.... Tell us something new. Tell us when we will come out of recession since 2015.

when you guys were sharing food for kids at home we didn't know?

to say heavy text is round the corner

Old news!! So have so many others,even the ones you tout as unshakeable. Corvid 19 has no respect for anybody. However what matters is the focus on recovery!!

We have been in Recession since na

We are on it already So don't remind us

Why not? When you're feeding ghost school children!

Is the economy okay now?

Are you saying the economy hasn't been in recession all along?

We shall surely come out of it. God pass una.

I reserve my comment, they are full of predicting negative reviews

Is that supposed to be a good news ?

We have in recession since 2015

FinMinNigeria We are already in recession since beginning of this year, you should have keep mute than given some people high blood pressure.what we need is more naira in society,simple economic mathematics, promote ur country for foreign investors to bring in dollars chikena.

Madam loot as you can because some 200 millions are still daft and hopeless

SMH

And you are saying it...

Is the present economy not in recession

Amen

No. Right word is 'drown in recession.' Thanks to d unprecedented level of incompetence of APC government.

Everybody knows that

Anything Buhari nears dies

We know that already🙄🙄🙄🙄

We know , it has been in rescission since 2015 , and we will endure it until 2023

Oh really? Thought we've always been in recession anyways.

Were in it already, we should expect depression.

Local man is not bothered

Na so recession in the south meriment in the north.

What else is new...

You are talking rubbish.... Thief

This lady again....Buhari kitchen cabinet just won't keep quite....

We dey dia already

NaijaFlyingDr Oh Lord! Take me to the promised land

Haba with all the money Babanla Abacha sent to boys recently? Did you guys use everything to buy face mask?

I’ll try to pretend I’m suprised.

Nigeria economy has been in recession since 2015. If the country crumbles...it doesn't affect me and my family. It is Buhari and his cabal that will go into recession because they've been looting

ProfOsinbajo U are fighting 4 Nigeria's economic stability. How come we are entering recession according to Ur minister?

Wat do u xpect wen u ppl are feeding ghost pupils

Dan_baturiya Keep locking down

Same economy that has been in recession since 2015?

MalachyOdo1 Can't they sack this woman already? She has Bubu's nudes?

Sure

We know

NaijaFlyingDr Any other Information would have been deception...this is global pandemic...Nigeria is still more traditionally oriented. It will affect those Economy more than those that has already switch to service oriented Economy.. this might go for a longer term than previously experienced

We all knew it, the factors are there. We can't deny it

That's the meaning of Nigeria 👉 Recession

And u are feeding ghost school children dat u can't locate their homes.

Not surprise at all.

Is buhari destined for recession !!!

Yes naa

Smh

Why not? You are feeding gost schl children.

Kikikikiki Depression season 2

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