During a senate briefing, it was reported by This Day that the Nigerian Finance Minister, Kemi Adeosun, said Nigeria is officially in recession but it won’t last long.
Africa’s largest economy is struggling with low oil prices, foreign currency shortage, rising inflation, falling state revenue, and weakened consumer confidence.
The International Monetary Fund forecast on Tuesday that Nigeria, for the first time in more than 20 years will slide in to recession this year but Adeosun told Nigerian senators to ignore some them as she is not worried about IMF projections.

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