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December 20, 2016

Buhari: Recession will likely end next year

Buhari: Recession will likely end next year

Nigerian president Muhammadu Buhari made the statement during the induction course organised by the Ministry of Foreign Affairs for Nigerian Career Ambassador nominees in Abuja on Monday.

According to him,

“We are optimistic that the external factors that partly contributed to push our economy into recession will ebb in 2017. Until then, I regret that the resources available to fund our missions abroad will not be as robust as we would like.

“We are working hard to turn around our national economy by effectively reforming our macroeconomic environment through measures, some of which were outlined in my budget speech to the National Assembly last week.”

“As we are all making great sacrifices at home, we also expect you to similarly make judicious use of the resources put at the disposal of your missions. As Heads of missions, you will be held accountable for the utilisation of all resources under your control. These are lean times, and all of us are expected to do more with less.”

 

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