NESG predicts 7.3% decline in Nigeria’s 2020 GDP
By CNBC
18 May 2020 |
12:20 pm
The Nigeria Economic Summit Group, NESG, is forecasting a deeper recession for the country as it says it expects real GDP to decline by 7.3 per cent this year on the back of the COVID-19 outbreak, dwindling oil prices among other indicators. Joining CNBC Africa to discuss the details is the CEO of the Nigeria Economic Summit Group, Laoye Jaiyeola.
In this article
Related
19 Jan 2018
The just-released Macroeconomic outlook report of the Nigeria Economic Summit Group emphasises the need for Nigeria to set a sustainable path for inclusive growth and development in 2018 and beyond.
3 Nov 2019
The 25th edition of the Nigerian Economic Summit Group has ended in Abuja with an agenda for competitive private sector.
19 Feb 2020
Chinese health officials say data from a new study by the Chinese Centre for Disease Control and Prevention show that the elderly and sick are more at risk. Meanwhile, Nigeria’s Center for Disease Control says intensified screening at points of entry is ongoing as means of preventing the Coronavirus outbreak in Nigeria. Dr. Francis Ohanyido, President of the West Africa Academy of Public Health joins CNBC Africa to discuss ways Nigeria can avert disease outbreaks.
18 May 2020
The Nigeria Economic Summit Group, NESG, is forecasting a deeper recession for the country as it says it expects real GDP to decline by 7.3 per cent this year on the back of the COVID-19 outbreak, dwindling oil prices among other indicators. Joining CNBC Africa to discuss the details is the CEO of the Nigeria Economic Summit Group, Laoye Jaiyeola.
29 May
Since North Korea reported its first official coronavirus case last week, the WHO has warned it might spread rapidly in the unvaccinated country. Ruler Kim Jong Un wants the military to turn the tide.
Latest
43 mins ago
Big questions are again being asked about the future of Germany's public broadcasters after Patricia Schlesinger, director of Berlin's public broadcaster RBB, resigned over mismanagement charges.
43 mins ago
The European Commission said that Greece had delivered on the bulk of its fiduciary commitments, marking a formal end to the debt crisis that began in 2010 and led to friction between Athens and European creditors.
3 hours ago
North Dakota is a hub of the US hydraulic fracturing industry and the country's second-biggest oil producer. Surging demand for fracked oil and gas amid the Ukraine war means booming business, sidelining green energy.
3 hours ago
A report released by Amnesty International marking one year since the withdrawal of US and NATO troops concludes that the Taliban has decimated the rights of girls and women in Afghanistan. To understand exactly what's happening in the country today, FRANCE 24 spoke to Dr. Habiba Sarabi, a former Afghan minister for women's affairs and former governor of Bamiyan province. She urged the international community to "take responsibility for the Afghan people and Afghan women in particular".
5 hours ago
Firefighters in the German capital are still trying to secure an explosives disposal site amid a continuing wildfire. Parts of the wooded area are reportedly also littered with munitions.
5 hours ago
Sports coach and aspiring model Patience Ramavhale battled depression and anxiety throughout a troubled childhood. But her love of sports and passion for coaching not only developed her young athletes, but also helped Patience improve her mental health. Don’t Hold Back’s Nozibele Qamngana Mayaba catches up with Patience over the customary snack on how using sports can improve your mental health.