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Massive capital investment boosts Nigeria's economy

Staff Writer | October 24, 2016
The on-going massive capital investment by the Nigerian government is helping the country to get out of a recession gradually.
Africa   Idris Ahmed, Accountant-General:
Speaking at a forum in Abuja, the nation's capital city, Idris Ahmed, Accountant-General of the Federation of Nigeria, said the recent announcement by the International Monetary Fund (IMF) that Nigeria has the largest economy in Africa demonstrates the resilience of the economy.

"The IMF rating confirms the resilience of our economy and the resilience of Nigerians in terms of coming out of this recession," he added.

"It also goes to confirm the massive capital investments that are being made by this government and it is not just by the Federal Government but by the state governments as well," the official said.

"So, we will come out of this recession. It is just a matter of time," Ahmed said.