Nigeria Needs $29b to Revive Economy
World Economy

Nigeria Needs $29b to Revive Economy

The All Progressives Congress has said Nigeria’s President Muhammadu Buhari plans to spend the $29.9 billion, he wants to borrow, on reviving the comatose economy and paying contractors, some of whom are owed for up to 10 years, NewsNow reported. APC’s National Chairman, John Odigie-Oyegun, said Sunday night that the president did not plan to spend the money on trivialities, noting that the loan would not be used to pay salaries, but to develop infrastructure. Odigie-Oyegun also defended the ongoing fight against corruption as necessary for the country to make progress.

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