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COVID-19 LEADING ECONOMY TO NEGATIVE GROWTH-FINANCE MINISTER


Nigeria’s finance minister, ZAINAB AHMED says the corona virus pandemic and falling oil prices are set to force the economy into negative growth.

 

The minister made the comments after the National Economic Summit meeting in Abuja.

 

She said the economic contraction will multiply the misery of the poor.

 

AHMED said the country’s GDP, could in the worst case scenario, contract by as much as minus 8.94% in 2020, but in the best case,    could be a contraction of minus 4.4%, if there is no fiscal stimulus.  

 

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