Culled—-Proshare
August 30, 2020
by The World Bank Group
What The COVID-19 Pandemic Means For Nigeria
Potentially the most severe downturn in four decades…even if the outbreak is contained
Oil Prices Have Declined Sharply Since the Onset of the COVID-19 Crisis
The Collapse In Oil Prices Is Destabilizing The Economy
The Pandemic Is Reducing Foreign Remittances
Foreign Capital Inflows Are Also Expected To Decline
COVID-19 Outbreak In Nigeria Is Impeding Economic Activity
Government Finances Will Be Particularly Hard Hit
Nigeria’s Economy Is Expected To Contract In 2020
…And The Contraction Could Be Even More Severe
