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Nigeria Will Exit Recession Soon - Minister of Finance, Zainab Ahmed

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria will be out of the recession soon. Over the weekend, Nigeria slid into its worst economic recession in over three decades. Gross domestic product (GDP) numbers released by the National Bureau of Statistics on Saturday, November 21, indicates the nation recorded a contraction of 3.62 percent in the third quarter of 2020, causing it to slide into another recession. While speaking at the ongoing 26th Nigerian Economic Summit organized by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, and National Planning, on Monday, November 23, the Minister of Finance said the country would emerge from the recession in the fourth quarter of 2020 or by the first quarter of 2021. She blamed the recession on the global Coronavirus pandemic which has forced other economies in other countries into recession. Ahmed said other countries also in recession, including the United Kingdom, the

Students Hav`e Been Kidnapped Again

                                                                Shoe week


Police in Nigeria Thursday said four students of Lagos Model College in Epe area of Lagos state were kidnapped by unknown gunmen.

State Police chief Fatai Owoseni, who confirmed the incident during his weekly press briefing in Lagos, said the school Vice Principal was also abducted.

The college was attacked by suspected gunmen during the morning assembly Thursday, he said, adding that two of the students had been recovered.

"The kidnappers went away with them in their speed boat. As soon as we got the information, crack detectives were sent there. We have been able to recover two of the students," he said.

"The vice principal and two students are still with the kidnappers. Our men have begun searching for them. We are collaborating with the Navy to search the creeks and the waters," he added.

Abduction is common in Nigeria. The abduction of high profile individuals in the country has been on the increase in recent times.

Early on Wednesday the police in Oyo State confirmed the shooting of a former Vice-Chancellor of University of Ibadan by persons who allegedly attempted to kidnap him. Enditem

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