Nigeria became Africa's biggest economy after it surpassed South Africa last year but soon its economy started suffering a downward trend. The worst blow followed the steep decline in the price of crude, from highs of over 100 dollars a barrel to the current under 50 dollars a barrel. Oil revenue accounts for 70% of government revenue. CCTV's Kelechi Emekalam looks at recession fears among Nigerians.
- Category
- Nigeria
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