CLEAN: Economic ill winds hit Nigeria

The video discusses the economic reliance on oil, which constitutes over 90% of national earnings. It highlights a projected 15-20% decrease in government spending, which is significant as the government accounts for 40% of the economy. This reduction, coupled with expensive imports, is expected to slow economic growth to 3.5-4% year-on-year.

What percentage of earnings in the country is derived from oil?

How much is the expected decrease in the total level of government spending this year?

What is the impact of government spending on the total economy?

How does the increase in import prices affect consumer spending?

What is the projected growth rate for the economy?