Thursday, April 16, 2020

Video - Coronavirus fallout: IMF says Nigeria economy to shrink by 3.4 %

The International Monetary Fund says Nigeria's economy is expected to shrink by 3.4 percent this year and Africa's largest economy could face a recession lasting until 2021. Oil-rich Nigeria has been hit by the plunge in the demand for energy set off by the global lockdown against COVID-19. And the country's jobless rate, already at 23 percent, is expected to climb even higher. . Al Jazeera's Ahmed Idris reports from Abuja.

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