TwentyTenDaily

Tag: recession

  • Border Reopening: Another Failed Policy

    Border Reopening: Another Failed Policy

    Over the past week, President Muhammadu Buhari announced  that Nigeria’s borders might be open soon. He made the statement during a meeting with governors elected on the platform of the ruling All Progressive Congress (APC) in Abuja; this comes a few weeks after the government gave Dangote and BUA approval to trade beyond the borders. …

  • Pandemic, Recession and Inflation

    Pandemic, Recession and Inflation

    Many countries including Nigeria are currently in recession. The year 2020 has been characterized by the coronavirus (COVID-19) pandemic. Its impact has continued to have a severe impact on businesses, households, and economies globally and one of its consequences is inflation. Though inflation affects all of us; but most importantly high inflation could be hostile…

  • Minus 6.1% Growth: The Steepest the Nigeria Economy Has Gone In 10 Years

    Minus 6.1% Growth: The Steepest the Nigeria Economy Has Gone In 10 Years

    Major Factors That Influenced The Economic Recession The reports released by the National Bureau of statistics on Saturday, November 21, stated that Nigeria has plunged into economic recession for the second time in 5 years. Considering that Covid-19 gave the citizens a fair share of ‘personal economic recession’ in the wake of 2020 during the…