Nigeria plans $25bn fund to stave off recession

The country plans to create a $25bn fund with public and private financing to modernise infrastructure and avoid a recession, Vice President Yemi Osinbajo has said. The halving of oil prices since last year has forced Nigeria, Africa’s largest producer of crude, to slash its budget, and contributed to a weaker currency. Standard & Poor’s […]

Nigeria plans $25bn fund to stave off recession

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