Monday, 3 October 2016

FG spends N720.5bn to drag Nigeria out of recession

Nigeria has spent 720.5 billion naira ($2.4 billion) on capital expenditure this year to help drag Africa’s biggest economy out of recession, President Muhammadu Buhari said on Saturday.
“I believe that this recession will not last. Several hundreds of thousands of (unemployed) workers will be re-engaged in the next few months as our public works program gains momentum,” Buhari said in a televised speech marking the Nigeria’s independence day.
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