Wednesday, March 23, 2016

Video - Nigeria to pump $1.76bln in second quarter

Nigeria's government will pump 1.76 billion dollars into the economy over the next quarter to rekindle the economy hard hit by a slump in oil revenues. Crude oil accounts for the bulk of Nigeria's revenue hurting Africa's largest economy since prices started dropping in June 2012. Parliament has already passed the country's budget for 2016, calling for record spending. Finance Minister, Kemi Adeosun and Minister of Planning, Udoma Udo Udoma, say the fresh money would be spent mostly on capital projects and job creation.

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