Nigeria’s economy may relapse into a second recession in four years with significant negative consequences, President Muhammadu Buhari has said.
The proposed expenditure is put at N13.08 trillion with crude oil benchmark price of $40 per barrel and daily oil production estimate of 1.86 million barrels. In his presentation, the president said the 2021 budget was prepared amidst a challenging global and domestic environment due to the the COVID-19 pandemic, low oil prices and heightened global economic uncertainty.
Real GDP growth declined by 6.1 percent in the second quarter of 2020, according to the National Bureau of Statistics.
In other words, we will make you poorer.
But you guys are still gonna be enjoying sha 🙄
Clap for Buhari,he made a wonderful discovery.
Open the borders...
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