The National Bureau of Statistics said that with a decline in the GDP in the second quarter of 2016 by -2.06%, the country is officially in a recession.
I don't know the nitty gritty of the whole issue, but I do know that we have already been in a 'technical' recession. Nigerians are groaning heavily under the pains of high cost of living; low standard of living. In all these, there is less income and more spending.
It is high time something is done about this predicament we have found ourselves in.
No comments:
Post a Comment