Nigeria’s Economy On The Verge Of Collapse – UNDP Report
August 9, 2022
4:45 am
In the aftermath of a sharp decline in revenue and foreign exchange earnings in the country coupled with increased debt service payments, a United Nations Development Programme (UNDP) report on Nigeria has declared that Nigeria’s economy is presently wobbling and on life support.
According to the report that Africa Daily News New York obtained, on Monday which is expected to be made public on Wednesday, August 10, the COVID-19 pandemic has dealt a big blow to the economy coupled with a decline in revenue and foreign exchange earnings. This is because of the fall in oil prices and the reduced …
