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Nairaland Forum / Nairaland / General / Politics / BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues (1610 Views)
Nigeria Faces Worst Recession In 40 Years – World Bank / Nigeria Heading Into Worst Recession In 30 Years –IMF / Senator Akpabio: Stop Expecting Appointments, Contracts As Reward For Voting (2) (3) (4)
BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by nwakibie3(m): 10:28am On May 23, 2017 |
The National Bureau Statistics said on Tuesday, that the Nigerian economy remains in its worst recession in 29 years. The NBS confirmed this in its release of the gross domestic product (GDP) report for the first quarter of 2017, which showed that the economy contracted by 0.52 percent year-on-year. In August 2016, NBS called Nigeria’s first recession since the return of democracy in 1999, stating that the economy shrank by 2.06 percent in the second quarter of 2016 to hit its lowest point in nearly three decades. According to World Bank data, the last time Nigeria had this magnitude of economic decline was under the military regime of Ibrahim Babangida, when the economy recorded consecutive decline of 0.51 percent and 0.82 percent in first and second quarters of 1987. Details later… http://sunnewsonline.com/breaking-gdp-contracts-as-nigerias-worst-recession-in-29-years-continues/ 2 Likes 1 Share |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by hucienda: 10:31am On May 23, 2017 |
When will the tales of unending economic woes end? 5 Likes 1 Share |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by ojun50(m): 10:33am On May 23, 2017 |
Can we discuss other issues like bokoharam boys coming to abuja |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by ojun50(m): 10:34am On May 23, 2017 |
hucienda:after 10 years |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by Nobody: 10:50am On May 23, 2017 |
which one is 29 years? abegi this should be worst ever. 6 Likes |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by benlash: 11:18am On May 23, 2017 |
Ty Bello shares more new photos of BBN Winner, Efe http://mainvibes.com/ty-bello-shares-new-photos-bbn-winner-efe/ |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by writers4hire: 11:31am On May 23, 2017 |
Hmm. This is serious. 1 Like |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by tuniski: 11:35am On May 23, 2017 |
R2bees:Tot they said we are out of recession according to apc propaganda. Useless govt kawai. 8 Likes 1 Share |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by ModsWillKillNL: 11:41am On May 23, 2017 |
O boy! ![]() |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by omowolewa: 11:52am On May 23, 2017 |
Nigerian Economy will pick up greatly when private sector is allowed to invest and spend greatly. |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by diablos: 12:00pm On May 23, 2017 |
When nigerians finally discard d dying human vegetable into d 6ft deep waste bin of d earth...then can we see progress. 1 Like |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by janvier27(m): 12:02pm On May 23, 2017 |
Blame our politicians especially those ones in the National Assembly. Also blame CBN whose overriding interest is to make more money for the Banks and ostensibly for the FG. |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by amuwo1980: 12:36pm On May 23, 2017 |
The same economy cone heads and their gun wielding boko haramist associates been singing is back on its feet. na NDA wey dey allow this oil to still dey flow. 8 Likes 1 Share |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by amuwo1980: 12:38pm On May 23, 2017 |
diablos:it will never happen, buhari will not die afonja and mere commissioner will never be president through the back door, let him go and contest in 2019 |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by TonyeBarcanista(m): 12:58pm On May 23, 2017 |
Buhari led APC has finished Nigeria 5 Likes 1 Share |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by diablos: 1:11pm On May 23, 2017 |
amuwo1980: Lol...is it d commissioner or his afonja tribe that's ur problem? ![]() |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by linuxuser(m): 1:19pm On May 23, 2017 |
True if Osibanjo wants to president let him go and contest. No to back door presidency. I have no sympathy for the dullard Buhari though so either he dies or lives is up to God after all his minister confirms that his absence does not make any difference. amuwo1980: 2 Likes |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by Nobody: 1:33pm On May 23, 2017 |
CHANGE indeed |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by Blue3k(m): 1:52pm On May 23, 2017 |
Looks like they were wrong. |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by Inception(m): 1:54pm On May 23, 2017 |
![]() Recession right now:
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Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by Feraz(m): 1:58pm On May 23, 2017 |
Blue3k:That is to say... they were cooking up figures then and feeding us fake statistics. I don't even know what to believe anymore... Keneking: ![]() ![]() ![]() But you follow campaign that year na! Keneking sef! ![]() (Where that ya chimpanzee photo wee you dey always upload after that "Jonathan sef!" ![]() 2 Likes 1 Share |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by SalamRushdie: 2:00pm On May 23, 2017 |
We told them nothing could good could come out of the quality of brain in Buhari's head but they doubted us ..look now 2 Likes |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by SalamRushdie: 2:03pm On May 23, 2017 |
janvier27: You are still shielding the main culprit who is Buhari and blaming small chops ..okay oo..please can you tell us how senators are responsible for the recession ? 1 Like 1 Share |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by Cjrane2: 2:30pm On May 23, 2017 |
Its called CHANJI ! |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by ephi123(f): 3:05pm On May 23, 2017 |
Nigerians haff enter one chance. What a nightmare this government has turned into. |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by sanandreas(m): 3:10pm On May 23, 2017 |
Negative trend |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by AngelicBeing: 3:11pm On May 23, 2017 |
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Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by janvier27(m): 3:39pm On May 23, 2017 |
SalamRushdie: Quick passage of the budget will help. Senators are dragging this to blackmail, bargain and inflate. |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by SalamRushdie: 3:40pm On May 23, 2017 |
janvier27: Is it not the same Buhari that is delaying the budget now as he can't sign and doesn't want Osinbanjo to sign |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by janvier27(m): 3:46pm On May 23, 2017 |
SalamRushdie: If Buhari can't sign, then its unlikely he will be capable of asking Osinbanjo not to sign. Osinbanjo may be weighing his options on what to do with the tampered budgets. I still think Senators are more to be blamed. We all know who they are. |
Re: BREAKING: GDP Contracts As Nigeria’s Worst Recession In 29 Years Continues by baralatie(m): 3:52pm On May 23, 2017 |
na wa o |
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