CRYPTO BAN, RECESSION AND COINECONOMETRICS OF NIGERIA
Despite being the largest economy in Africa, Nigeria has been battling recession for years, the latest is from 2016 when it hit high to a point of going down the drainage and pool of inflation. Some reports have it that, the Nigerian economy is expected to grow by 1.8% in 2021, though there is high uncertainty about the outlook. The recovery would be driven by rising in oil exports and domestic demand. ... GDP per capita is projected to continue declining because the economy is forecast to grow more slowly than the population. GDP in Nigeria averaged 134.82 USD Billion from 1960 until 2020, reaching an all-time high of 546.70 USD Billion in 2014 and a record low of 4.20 USD Billion in 1960. THE DOWN OF THE CRYPTO-ECONOMY The price of Bitcoin hit an all-time high of $19,000.00 on December 17, 2017, sending the world into a frenzy about Bitcoin and cryptocurrency in general. Interest groups, media circles, and populations of people that appeared so far away f...