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The current recession could extend till 2023. The World Bank adds one more condition for the $1.5 billion loans, and COVID claims 3,000 souls a day in the US. Elsewhere, assailants kill 16 in Kano.
Divergent views greeted the Statistical Agency of Nigeria’s new GDP figure as the economy entered the first contraction since its last recorded recession. In 2016. Nigeria witnessed an economic recession at a time oil price dropped below $50. Since then, the economy grew in a snail-like scenario under the Muhammadu Buhari-led government.
