GDP report released on Saturday by the National Bureau of Statistics, showed that Nigeria plunged into a second recession in the third quarter of this year, for the first time in five years. The Lagos Chamber of Commerce and Industry has declared that the recession could linger all through the fourth quarter of this year. Director-General, LCCI, Dr. Muda Yusuf, explained that the recent devastation caused by the #End SARS crisis could make the recession persist further. He stated that the economic contraction was 3.62 per cent in the third quarter as against 6.1 per cent in second quarter.
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