BREAKING: Nigeria to experience worse recession in 31 years - IMF - Daily Post Nigeria

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

BREAKING: Nigeria to experience worse recession in 31 years – IMF

The International Monetary Fund, IMF has projected that Nigeria’s economy will face the worst recession in 30 years.

It noted that this would be the worst recession in 30 years for the West African giant after a negative economic growth of 1.51% in 2016.The projection was part of IMF’s April 2020 World Economic Outlook report released on Tuesday in Washington DC, United States. “For 2020, growth in advanced economies is projected at -6%. Emerging markets and developing economies which typically have normal growth levels well above advanced economies are also projected to have negative growth of -1% and -2.2% if you exclude China.

Source: Financial Digest (financialdigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Amen.

This Government bagged f9 in Economics. Don't worry he that is down need fear no fall.

Na today!!! We don dey recession since 90s!!!

The name of the Lord is a strong tower

Your predictions have always been doom. So we never expected anything different now but wait, time will tell

We don strong like dry kpomo for naija. That one no fit make us fear again. Las las we go dey alright. E go shock una

All these prophets of doom sef, it's only negative things they project for our future, maybe you should just rest ehn, when we reach the bridge, there'll be a way to overcome it. We pray that this pandemic will go away soon. Naija, we have God, that's all that matters

Is that why we was missing from the debt relief package?

What would USA experience? IMF and their antics. It wont work this time. hold ur loan pls.

Well you can say that , we have set of dumb leaders , but we will shock you

BashirAhmaad GarShehu FemAdesina don't tell me this is true

Evil predictions Nigeria say no to satanic conspiracy

Back to sender...

We know

Nonsense Talk. Are you a GOD (ALLAH)

what more can we experience more than this current situation, a situation where you've been asked to remain indoor for a month+ and still no financial support from the government. So what's recession again.

It will not happen by God grace

Hmm

😂😂😂😂🤣🤣Aiiiiiii werey dem never stone you abi..Oloribu

I will follow everyone that likes this tweet NB kindly follow back if I follow you

Secession we have been experiencing for over 8 years. minus 8 from 31 but am sure we cannot lack food

EU has given us €50m joor. Since IMF refused to fund us.

Doom sayer ,you cannot force your hold on Nigeria,we shall overcome

Hhhh, point of correction its not Nigeria that is going to experience worse recession, its our leaders. This is an old story for us.

No be new thing.we don dey experience that one since Babaginda took over

We reject it.

No talk am, you be God

For this situation Wey we dey na him Una dey call recession For our obodo Naija 🙆😭

This IMF projections tho! We are better off without them. Hopefully, we will overcome this!

You are not God...rejected in Jesus Name

Have we ever recover from recession?

Is you, your household and country that should experience recession till Jesus come.

Reject wetin. This is what happens when you don't save for rainy days. We don't have enough forex and no export cash cow to stimulate this economy. Besides this government is clueless, so buckle up, severe recession is on the horizon

You guys will not talk about your economy, busy yourself with ours, leave us alone,you are not God.

And, it's the same IMFthat excluded NigeriaGov from debt relief! IMFSpokesperson IMFNews ShockingAndDepressing

Where is our money

We have been tru worse already. Next news please

Yusufnawawe

So?

It will not happen again in Jesus name

Nigeria leaders sit up and do the right thing is never too late to correct past errors.. God forbid 31 years recession in Jesus name. Amen

God forbid

We are dead always. The corpse means nothing!

Are you God?

We will be free from this virus by 15 May by the special grace of God if we continue like this........

World must prepare for serious recession, USA must face worse recession 😷

We wouldn't notice.

It will shock you. We're coming for ya'll

God help us,

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COVID-19: IMF grants 25 countries $500m debt relief, excludes Nigeria [Full list] - Daily Post NigeriaThe International Monetary Fund (IMF) has announced the approval of debt service relief to 25 countries. Kristalina Georgieva, IMF Managing Director, in a When they already know our government are scammers This bothers me a lot.. Meaning we are not poor or do not need help cause they know what an individual has in his account... God help us oooo Nigeria is led by scam government that's why they exclude Nigeria payusviaBVN PayUsOurPalliativesViaBVN
Source: DailyPostNGR - 🏆 11. / 59 Read more »

IMF excludes Nigeria from 25 nations granted debt reliefWhy 😂 😂 😂 😂 😂 When you borrow too much Thank God
Source: MobilePunch - 🏆 8. / 63 Read more »

IMF excludes Nigeria from $785m debt relief to 25 countriesThe International Monetary Fund (IMF) has excluded Nigeria from the list of 25 countries it granted $785 million debt relief.IMF Managing... Wakeup guys. A louder voice is heard. It means Nigeria is financially okay! Because there are not case of Coronavirus in Nigeria Gidforbid🤘
Source: TheNationNews - 🏆 6. / 69 Read more »

Nigeria missing as IMF approves immediate debt relief for 25 countries – Daily TrustGeorgieva urged other donors to help the IMF replenish the Trust’s resources and further boost its ability to provide additional debt service relief for a full two years to its poorest member countries. Read more: That is good, Nigeria is mst corrupt country in world
Source: Daily Trust - 🏆 13. / 51 Read more »

COVID-19: IMF Approves Debt Relief For 25 Poor CountriesCOVID-19: IMF Approves Debt Relief For 25 Poor Countries. Hope Nigeria 🇳🇬 is among? People said we are poverty capital so we should be among then. And Nigeria no follow 😂
Source: channelstv - 🏆 7. / 63 Read more »

IMF approves immediate debt relief for 25 countries – Daily TrustThe International Monetary Fund’s (IMF) Executive Board has approved immediate debt service relief to 25 of its member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT). Ms Kristalina Georgieva, the Managing Director, said this in a statement issued in Washington, D.C. on Tuesday. According to her, the relief was part of the … But Nigeria is not on the list. And Nigeria excluded. Apparently because they don't want to add more to our leaders looting Countries which Lagos, Ogun, Rivers, Kano, Kaduna, etc of 🇳🇬 are probably richer than. See why 🇳🇬 is not qualified for it now?
Source: Daily Trust - 🏆 13. / 51 Read more »