Chairman of Nigeria Governors Forum (NGF) and Governor of Zamfara State, Abdulaziz Yari, has warned that Nigeria could be heading into another round of recession.
He made statement at the the opening ceremony of the induction programme for newly-elected and returning governors put together by NGF Secretariat, at the State House Conference Center, Abuja.
Yari warned incoming governors to be prepared for the possibility of another cycle of recession by the mid-2020 to third quarter of 2021.
Nigeria had officially entered a recession for the first time in more than two decades, in August 2016, according to figures which showed that economy had contracted for a second consecutive quarter.
Yari said the outgoing governors have agreed that borrowing is never a reliable alternative to solving economic problems and has urged the incoming ones and other ties of government to multiply revenue generation bases so as to change the course…
Source: News Agency of Nigeria
