The World Bank has warned that the economic impact of the COVID-19 may send personal incomes back four decades, Eko Hot Blog reports. According to a World Bank report, Africa’s most populous country will have to enact a series of potentially politically unpopular reforms in order to avoid a prolonged recession. The report stated that … Read more
Minister of Finance and National Planning, Zainab Ahmed, says that the current recession will be short-lived and exited by the first quarter of 2021. Ahmed made this known at the 26th Nigerian Economic Summit organised by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, and National Planning. The Minister said the … Read more
Senior Special Assistant on Media and Publicity to Vice-President Yemi Osinbajo, says the Nigerian economy is on its path to recovery. Laolu Akande said this while reacting to the report stated by the National Bureau of Statistics which showed that Africa’s biggest economy entered a second recession in five years. The NBS, in its report … Read more