Nigeria: Nigeria's Perfect Storm

[ISS] Nigeria's economy has been dealt a blow, first by a collapse in the oil price, and then by rising costs to fight the spread of COVID-19. One of these crises alone would have been enough to derail 2020 growth, but both occurring simultaneously is devastating. This couldn't have come at a worse time, with global growth facing its most fraught period since the 2007-8 financial crisis. The impacts will be far reaching and are ultimately interconnected.