Opinion: This is the consequence of Nigeria’s primary export-dependence

by Chambers Umezulike, According to the Nigeria National Bureau of Statistics, the country’s Gross Domestic Product contracted by 0.36% in the Quarter (Q) 1 of 2016, the first negative growth in many years. Successive contractions in Q2 and Q3 of the same year by 2.1% and 2.24%, respectively, officially chaperoned Nigeria into an economic recession.... Read More