Brace Up For Another Recession With More Hardship — President Buhari Tells Nigerians

Date: 09-10-2020 10:51 am (3 years ago) | Author: kacy lee
- at 9-10-2020 10:51 AM (3 years ago)
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President Muhammadu Buhari has urged Nigerians to brace up for another recession, the second in four years.

Speaking while presenting the 2021 budget to the National Assembly for approval, on Thursday, October 8, the president noted that the Federal Government has, however, put in place plans to ensure rapid recovery in 2021.

“GDP growth is projected to be negative in the third quarter of this year. As such, our economy may lapse into the second recession in four years, with significant adverse consequences.

However, we are working assiduously to ensure a rapid recovery in 2021. We remain committed to implementing programmes to lift 100 million Nigerians out of poverty over the next 10 years.

As skills’ deficits limit employment opportunities in the formal economy, various skills’ development programmes are being implemented simultaneously to address this problem frontally.

For instance, the government is implementing the Special Public Works programme to provide employment opportunities to 774,000 youths across the 774 local government areas of Nigeria.

We have also recently introduced the N75 billion Nigeria Youth Investment Fund, of which N25 billion have been provided in 2021 Budget.

We thank all Nigerians, for your perseverance and continued support during these difficult times. We remain unwavering in our commitment to actualize our vision of a bright future for everyone,” he said.


Posted: at 9-10-2020 10:51 AM (3 years ago) | Addicted Hero
- Lisabi at 9-10-2020 12:08 PM (3 years ago)
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Mr Failure Fulani Kulikuli. Who laugh last, laugh best. Continue
Posted: at 9-10-2020 12:08 PM (3 years ago) | Gistmaniac
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- Lisabi at 9-10-2020 12:08 PM (3 years ago)
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Mr Failure Fulani Kulikuli. Who laugh last, laugh best. Continue
Posted: at 9-10-2020 12:08 PM (3 years ago) | Gistmaniac
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- trulyval at 9-10-2020 12:34 PM (3 years ago)
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Baba go slow, na  weytyn else u sabi, always bad news from you.
Posted: at 9-10-2020 12:34 PM (3 years ago) | Upcoming
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- Noah147 at 9-10-2020 01:36 PM (3 years ago)
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Stupid illiterate man, how low can Nigeria be many have been in recession from day one nothing new. go phyuk your self Buhari
Posted: at 9-10-2020 01:36 PM (3 years ago) | Gistmaniac
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- tyomon at 9-10-2020 03:28 PM (3 years ago)
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Nigeria has always been in recession since independence, cow president
Posted: at 9-10-2020 03:28 PM (3 years ago) | Upcoming
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- Henrybobo at 9-10-2020 06:38 PM (3 years ago)
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they should change this endsars protest to Buhari resign
Posted: at 9-10-2020 06:38 PM (3 years ago) | Gistmaniac
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- dareper at 9-10-2020 09:02 PM (3 years ago)
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No be hell fire we dey before???. Banza!!!.
Posted: at 9-10-2020 09:02 PM (3 years ago) | Hero
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- gogoman at 9-10-2020 11:09 PM (3 years ago)
Online (m)
Buhari  Grin Grin Grin
Posted: at 9-10-2020 11:09 PM (3 years ago) | Grande Master
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