THE FACES OF NIGERIA RECESSION AS LED BY BUHARI

President Buhari 

The news came early this morning that Nigeria’s Gross Domestic Product figures for the second quarter of 2016 GDP growth plummet further from -0.36 per cent in the first quarter to -2.06 per cent year-on-year, according to The National Bureau of Statistics.

This simply means that Nigeria is officially in recession for the first time in 20years. This means a significant decline in economic activities within an economy that lasted longer than a few months, which is also visible in industrial production, employment, real income and wholesale retail trade.

This is against the backdrop of an economy that was rated 1^st in Africa, when in 2015 Nigeria overtook South Africa as the biggest economy in Africa.

No more Indomie with Chicken

The reason often given by the APC led Buhari’s government is the fallen price of oil, decline in oil production as a result of the militant unrest in the Niger Delta and the alleged massive mismanagement of government funds under Jonathan’ government.

How i for do now?

But the question is, what is the government doing to ameliorate the sufferings of the ordinary Nigerian who voted for a change and end up having a change that seems worst than the former, as all indication points to the fact that confusion and lack of vision seems to be the problem of the Buhari led APC government..

Which way Nigeria?