Japan and the UK are both officially in recession, according to figures published Thursday, after Gross Domestic Product (GDP) fell for two consecutive quarters to close out 2023.
Seems like the economic recession has got both the old and young looking for other ways to survive -such as saving transportation costs in this manner.
"When recession was biting, people were shouting recession. Now that it is no longer as biting, though there is still recession but it is not as biting as before, there is an improvement, true or false?"
Economists on Wednesday called on the Federal Government to stimulate the level of exports of goods and services in order to take the country out of recession.
His words: "When recession was biting, people were shouting recession. Now that it is no longer as biting, though there is still recession but it is not as biting as before, there is an improvement, true or false?
The Nigerian economy is in recession, or "technically in recession", as the Minister of Finance, Kemi Adeosun, put it last week, and seems to be at the lowest point it can be in recent history.
A student of Obafemi Awolowo University (OAU) has averred that Internet scammers, who are better known as Yahoo boys, have saved the country's economy from plunging into recession.
It is no longer news that the economic recession in Nigerian has taken a huge toll on many people and has pushed some into taking desperate measures to survive.
Recall that in August 2016 Nigeria's economy official slide into recession but by September 2017, the economy was announced to have been out of recession.
The minister reiterated the position of President Muhammadu Buhari that with Nigeria exiting recession, the administration would not rest on its oars until the impact is felt by all Nigerians.