Pandemic: AU Report Predicts $65bn Revenue Loss for Nigeria, Angola

This Day Live
Ejiofor Alike with agency reports Sub-Saharan Africa’s biggest oil producers, Nigeria and Angola, alone could lose $65 billion in income this year due to the impact of the COVID-19 pandemic, according an African Union (AU) study. The study noted that African oil exporters are expected to see their budget deficits double this year while their economies shrink three per cent on average. About 20 million jobs are also at risk in Africa as the continent’s economies are projected to shrink this year due to the impact of the pandemic, according to the study. Reuters reported that African economies are already…
Source: Pandemic: AU Report Predicts bn Revenue Loss for Nigeria, Angola

Please follow and like us:

Please follow & like us :)