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Nigeria’s economy is officially in a recession after recording double negative growth in succession and the country’s finance ministry says it will be spending billions of dollars to avert a further contraction in its troubled economy.
However, the latest IMF predictions paints a gloomy picture for the future of one of Africa’s economic giants after it predicted another 1.8% contraction at the end of the year.
Here is more on that story from CCTV’s Kelechi Emekalam.
