Nigeria will go into recession if COVID-19 continues beyond Six Months – Finance Minister, Zainab Ahamed

We would soon increase VAT on Carbonated Drinks, others – Finance Minister, Zainab Ahmed says

Zainab Ahmed, Nigeria’s Minister of Finance, has said the country will go into recession if the Coronavirus pandemic persists longer than six months.

Nigeria will go into recession if COVID-19 continues beyond six months - Finance Minister, Zainab Ahamed

She made this known when she appeared on Channels TV on Friday, March 27.

“We are hopeful that this pandemic will be limited in time. If it is an average of three months, we should be able to close the year with positive growth. But if it goes longer than that – six months, one year – we will go into recession.” she said

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