Nigeria is headed for a 'full-blown economic crisis'

Nigeria's economic crisis is getting worse.
On Friday the Nigerian Bureau of Statistics revealed that the country's economy shrank by 0.4% year-over-year in the first quarter — way worse than expected.
Economists were expecting the country to grow by 1.8% year-over-year, according to the Bloomberg consensus.
And now analysts aren't feeling too good about the situation going forward.
"We have long warned of a slow-burning crisis in Nigeria," Capital Economics' Africa economist John Ashbourn