Federal government assures nigerians that recession will be history before the end of the year
I couldn't find any credible sources to confirm that the federal government of Nigeria has made a statement assuring Nigerians that recession will be history before the end of the year.
However, the Nigerian government has taken steps to address the economic challenges facing the country, including implementing policies to stimulate growth, improve infrastructure, and increase revenue.
In recent times, the government has announced measures such as:
- The Economic Sustainability Plan (ESP), which aims to stimulate economic growth, create jobs, and improve living standards.
- The National Development Plan (NDP), which outlines the government's vision for economic development and growth.
- The implementation of the African Continental Free Trade Area (AfCFTA), which aims to increase trade and economic cooperation among African countries.
- The development of infrastructure projects, such as roads, bridges, and power plants, to improve connectivity and facilitate economic growth.
While these efforts are aimed at addressing the economic challenges facing Nigeria, it is important to note that the country's economic situation is complex and influenced by a range of factors, including global economic trends, domestic policies, and external shocks.
Therefore, it is difficult to predict with certainty when or if Nigeria will exit recession. However, the government's efforts to address the economic challenges facing the country are ongoing, and it is hoped that these efforts will lead to improved economic conditions in the future.