The Federal Government of Nigeria has started taking some measures with the aim of pulling the country out of its worst recession in close to thirty years.
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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 million traders
- An Emergency Spending Bill, to shorten the process of spending money (through award of contracts) is ready for the National Assembly
- Foreign portfolio investors have injected $1 billion in the last two and half months.