Recession: NGF Tells Governors To Prepare For Tough Time - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
April 30, 2019
The Nigeria Governors Forum, NGF Has Advised Both The Returning And Newly Elected Governors To Prepare For Tough Times In Governing Their Domains, Warning That There May Be Another Cycle Of Recession From Mid-2020 To The Third Quarter Of 2021.
The Forum’s Chairman And Zamfara State Governor, Abdulaziz Yari Gave The Advice At The Induction Programme Organised For The Old And New Governors At The State House Abuja.
Nigeria Had Officially Entered A Recession, For The First Time In More Than Two Decades, In August 2016, According To Figures That Showed That The Economy Had Contracted For A Second Consecutive Quarter.
According To The Nigerian Bureau Of Statistics, The Nation’s Gross Domestic Product, GDP Contracted By Two Points Zero Six Percent In The Second Quarter. The GDP Declined By Zero Point Three Six Percent In The First Quarter, Amid Low Oil Prices And The Country Slashed Production Due To Insurgency In The Niger Delta.