Acknowledgement of Recession
In a fair organized by the Central Bank of Nigeria for small and medium scale enterprises Isaac Okoroafor, Acting Director Corporate Communications made the following remarks regarding the current recession.
“Though we are in trouble, it is just for a while. As fast as we can, let us re-adjust ourselves so we can get out of the present situation. First of all, what is recession? Recession simply put, is a period of dwindling economic realities. Incomes are falling and government’s revenue is dwindling. Unemployment is increasing because businesses are not the way they should be. They sack workers because income is shrinking.