Friday 14 August 2020

Nigeria’s growth negative, recession looms – Buhari govt

The federal government on Thursday warned of recession in Nigeria.

Minister of Finance, Zainab Ahmed, said this would happen unless Nigeria achieves a very strong third quarter 2020 economic performance.

She spoke at a House of Representatives session on the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper in Abuja.

Ahmed was represented by the Minister of State for Finance, Clement Agba.

The official explained that the COVID-19 pandemic had compounded Nigeria’s foreign exchange headache.




By Wale Odunsi.

Full story at Daily Post.

No comments:

Post a Comment