As hopes of recovering outstanding N4.4 trillion debt dim, the Asset Management Corporation of Nigeria (AMCON) has cried out to all relevant government agencies and stakeholders to join its debt recovery drive as failure to achieve this golden objective will further wreck the economy.
The Central Bank of Nigeria (CBN) survey for fourth quarter of 2020 (Q4 2020) showed that rising inflation will make the country’s economy weaker in 2021.
This year has been full of crises, from the covid 19 pandemic to #Endsars protest to hoodlums hijacking stores, robbery & cultist rivalry, not to forget angry move hijacking warehouses & taking palliatives that should have been distributed to the public when the heat of convid19 was still very high and there was total lockdown.
While reviewing the economic implications of #Endsars protest, it was discovered Nigeria has suffered an estimated value of ₦700bn deficit in 12days.