Nigeria will slip into a full-blown recession by the end June 2016 if the economy records another negative GDP growth rate for the second quarter of 2016. Arguments could be made that since 2015, the country had slipped into a dollar recession or technical recession in some of its key segments such as manufacturing (see table below). The industrial segment is deeply into a recession already despite being the focus of the current exchange rate policy (before the flexible rate policy was adopted).