• July 26, 2021

We Are Heading Towards Another Recession, We’ll Recover In 2021 – Buhari


By Lucky Uwakina (AGENDAWATCHDOG) – Nigeria is heading towards another recession, according to President Muhammadu Buhari on Thursday, who added that the government had proactively put in place strategies to ensure recovery in 2021.

The President made the disclosure while presenting the 2021 budget proposal to the National Assembly on Thursday, October 8, 2020.

Nigeria’s mono-mineral economy, like those of other countries, has been negatively impacted by the outbreak of the COVID-19 pandemic, which has necessitated some strategic fiscal adjustments, consequent to limited GDP growth. The government plans to revive the economy via a focus on capacity building with the aims of providing employment opportunities for 774,000 young people in the country.


Agenda Watchdog

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