Showing posts with label Nigeria in recession. Show all posts
Showing posts with label Nigeria in recession. Show all posts

Sunday, 11 September 2016

NIGERIA IN RECESSION

RECESSION - a temporary depression in economic activity or prosperity (dictionary.com).

Nigeria is experiencing an economic recession presently. Goods and services have become expensive. Foreign investors are leaving the country, workers are being sacked. 

Do you know people make a lot of money during recession. We all know CBN has stopped importation of some items from access to Nigeria's FOREX market. This is in order to encourage local production of these items.