5 measures taken by FG to pull Nigeria out of recession

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.


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.