7 major reasons why Nigeria is suffering economic recession

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Yesterday, the National Bureau of Statistics (NBS) confirmed that Nigeria is in its worst economic recession in 29 years.

Below, we present seven reasons why Nigeria has now found itself faced with serious economic challenges.

1.) Inability of the previous administration (led by Goodluck Jonathan) to save.

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2.) Nigeria’s over-dependence on foreign products.

3.) Economic policies of the present administration

4.) The delay and controversies of the 2016 budget

5.) The activities of militants and pipeline vandals

6.) The existence of wasteful and abuse-prone subsidies

7.) The different actions (or inactions) of the Central Bank of Nigeria (CBN) in forestalling recession.

Source: http://www.nigerianmonitor.com/

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One thought on “7 major reasons why Nigeria is suffering economic recession”

  1. Olubodun Ojo says:

    This is good job by The DEFENDER. We can see that you are truly defending the truth and national integrity. We are behind you and God being your strength. Ride on, the news media of our time.

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