Tag: oil benchmark

COVID19: Will Nigeria face another recession by 2021?

As Nigeria sets up a committee to review the oil benchmark for the 2020 budget, Senior Economist at the private-sector-led think tank, Nigeria Economic Summit Group says the recent drop in crude prices if sustained has a possibility of leading Nigeria into an economic recession by 2021. Wilson Erumebor, Economist at the Nigerian Economic Summit Group joins CNBC Africa me for more.