Tag nigeria spends 2 4bn to drag country out of recession
I think there may be a small mistake in your question. Nigeria did not spend $2.4 billion to drag the country out of recession. According to various reports, Nigeria's economy was in recession from 2015 to 2017, and the country took several measures to recover from the economic downturn.
In 2016, the Nigerian government implemented a number of policies aimed at stimulating economic growth, including:
- Devaluing the naira: The government devalued the naira, the Nigerian currency, to make it more competitive and attractive to foreign investors.
- Increasing interest rates: The Central Bank of Nigeria (CBN) increased interest rates to curb inflation and encourage savings.
- Implementing a fiscal stimulus package: The government implemented a fiscal stimulus package, which included increasing public spending on infrastructure and social programs.
- Diversifying the economy: The government implemented policies aimed at diversifying the economy, including increasing investment in agriculture, manufacturing, and other sectors.
These measures, among others, helped Nigeria to recover from the recession. According to the National Bureau of Statistics (NBS), Nigeria's economy grew by 1.9% in 2017, and by 2.1% in 2018.
It's worth noting that the exact amount spent by the Nigerian government to recover from the recession is not publicly available. However, it's likely that the government spent billions of naira (not dollars) on various initiatives aimed at stimulating economic growth and recovery.