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Read the true definition of recession according to a Nigerian

Editor’s note: In recent times, the Nigerian ecomony has been ravaged by a devastating recession that has crippled the financial sectors. For the first time in Nigerian history, the citizens are groaning under the weight of a recession that makes living condition hard to bear. Many people, even economists have defined recession in a various terms.

But a Nigerian writer, Jaafar Jaafar  has offered an interesting, yet simple definition of recession that will surely resonate with ordinary Nigerians. It is hilaious but captures the reality of our daily lives.

Increase in petrol prices
Increase in electricity tariff
Increase in data cost
Increase in foodstuff prices
Increase in exchange rate
Increase in poverty
Increase in job loss
Increase in kidnapping
Increase in militancy

READ ALSO: Recession: FG seeks help from private sector

Shortage of aviation fuel
Shortage of electricity supply
Shortage of foreign exchange
Shortage of crude output

Fall of naira
Fall of economy
Fall of domestic airlines

Exit of foreign airlines
Exit of foreign investment

Era of recession
Era of depression
Era of repression
Era of cluelessness
Era of indecision
Era of myopia
Era of nepotism
Era of cronyism

READ ALSO: Dangote pledges to assist FG to cushion recession

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The post Read the true definition of recession according to a Nigerian appeared first on Nigeria News today & Breaking news | Read Nigerian newspapers 24/7.

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