Second recession not a surprise – Dons

By Nduka Chiejina (Assistant Editor)

As Nigeria entres her second recession in five years, the National Assembly has been urged to quickly pass the 2021 budget to hasten the country’s economic recovery.

Professor Uche Uwaleke of the Nasarawa State University told The Nation that “the early passage of the 2021 appropriation Bill will go a long way in supporting economic recovery.”

Reacting to the news of Nigeria sliding into recession, Don stated that “the performance of the Agricultural sector in real terms which came in at 1.39% was disappointing.”

This he said, “corroborates the high food inflation rate now above 17% caused in large part by insecurity in many parts of the country”.

However, he sees “a quick V-shaped recovery as the effect of COVID’19 recedes and the impact of the interventions by the government and CBN begin to manifest including the implementation of the Economic Sustainability Plan.”

He noted that the…

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