The monetary policy committee of the Central Bank of Nigeria says the economy’s exit from recession may be under threat.
While reading out the outcome of the two-day meeting of the committee to reporters on Tuesday, Godwin Emefiele, CBN governor, said: “The Committee was concerned that the exit...
Nigeria's Finance Minister, Kemi Adeosun, has stated that the recession days of Nigeria are drawing to an end.
“We are already getting out of recession because of the actions the Federal Government is taking," she said on Wednesday while speaking with newsmen.
“We are investing more in...
Nigeria's Finance Minister, Kemi Adeosun, has stated that the country is on its way out of recession.
Speaking in an interview with newsmen in Abuja, she said although she has no idea when the hardship will be over, things are starting to look up.
“I don’t want to predict when we will get...
Nigeria's Vice President Yemi Osinbajo has urged Nigerians to focus on the right things and do away with unnecessary criticism as the nation struggles with recession.
According to him, the incessant blowing up of oil installations by Niger Delta militants caused the current economic hardship...
Below is a list of 5 things the federal government is doing in its battle to pull the Nigerian economy out of recession:
The recent injection of N374 billion ($1bn) into the economy. N420 billion has been spent so far.
Payment of capital expenditures
Provision of subsidised loans to one...
The Nigeria Fovernors Forum, NGF, have called on the presidency to declare a state of emergency concerning the recession the country is currently passing through.
The governors gave this charge in a three-point communiqué read by the Chairman of the Forum and Zamfara Governor, Abdulaziz Yari...
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