The Nigeria government is set to inject $1.1 billion into its economy as stimulus out of recession.
The International Monetary Fund projects the country to contract by just under two percent this year. Nigeria recorded a 2.1 percent contraction in the second quarter of this year, officially sliding into recession after shrinking 0.4 percent in the first quarter. Finance minister Kemi Adeousun is however hopeful that the stimulus can reverse the situation.
CCTV’S Kelechi Emekalam reports.