Yinka davies nigeria is not in recession weve been like this for long
I think there may be some confusion here.
Nigeria has indeed been experiencing economic challenges, including a recession in 2016. According to the National Bureau of Statistics (NBS), Nigeria's economy contracted by 1.5% in 2016, which is considered a recession.
However, Nigeria has since recovered from that recession. In 2017, the country's economy grew by 0.8%, and in 2018, it grew by 1.9%. While the economy has not yet fully recovered to its pre-recession levels, it has been growing steadily since then.
It's possible that you may be referring to the ongoing economic challenges that Nigeria is still facing, such as high inflation, unemployment, and infrastructure deficits. These challenges are indeed significant and require attention from policymakers to address.
But to clarify, Nigeria is no longer in recession. The country's economy has been growing, albeit slowly, and there are efforts underway to address the ongoing economic challenges.
It's always important to rely on credible sources of information, such as official statistics and reputable news outlets, to stay informed about economic developments in Nigeria and other countries.