Nigeria Economy Declines To The Negative

Nigeria’s Gross Domestic Product (GDP) growth rate contracted by –6.10 per cent in the second quarter of 2020, a report by the National Bureau of Statistics (NBS) said on Monday. Details of the Nigerian Gross Domestic Product Report for Q2 2020 showed that the decline was due to contraction in domestic and international economic activity during the quarter (April to June 2020). Countries of the world had shut down their economies following the outbreak of coronavirus. Nigeria implemented a nationwide shutdown in March amid efforts to contain the spread of…

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