Tag Archives: Official: 2016 recession is Nigeria’s worst decline since 1987

Official: 2016 recession is Nigeria’s worst decline since 1987

February 28, 2017 by Delia Innoma 0 Comments

The National Bureau of Statistics (NBS) has confirmed that the 2016 economic recession was a full year recession, and the worst in the country’s history since 1987. In 1987, according to World Bank data, Nigeria had a full year decline in gross domestic product (GDP) was put at 10.8 percent. The country recorded recessions in […]

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