Nigeria’s economy is expected to contract by 2.4 percent in 2020.
That, according to a report by Reuters, is due to fall in global oil prices and the coronavirus pandemic.
Petroleum price in Nigeria has reportedly fallen by $20 per barrow.
The country has recorded 98 deaths from coronavirus, according to the Nigeria Centre for Disease Control.
Nigeria's economy is expected to contract due to dwindling oil revenues and global lockdowns pic.twitter.com/AXGclvfBf1
— Reuters (@Reuters) May 6, 2020
