The Impact Of Economic Recession On The Nigerian Populace

A case study of Edo State CHAPTER ONE INTRODUCTION 1.1       BACKGROUND TO THE STUDY Recently in Nigeria, the CBN and the Finance Minister have told Nigerians that the nation is in an economic recession, it is very important that the impact of this recession on the Nigerian populace is well understood. The causes can be well understood if the definition of an economic recession is revisited. An Economic Recession  is defined as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real Gross Domestic Products, real income, emp…