Coronavirus and echoes of 2016: Choking under burden of oil dependence

In August 2016, the Nigerian economy, after two consecutive quarters of declining growth, was declared to have slipped into a recession. The price of oil had fallen from highs of about $112 a barrel in 2014 to below $50 at that time.

The post Coronavirus and echoes of 2016: Choking under burden of oil dependence appeared first on The Guardian Nigeria News – Nigeria and World News.

Source: Guardian

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