Tag: nigeria economic sustainability plan
Nigeria’s agriculture sector grew by 1.58 per cent in the second quarter of the year despite the economic headwinds that led to a 6.05 per cent decline of the non-oil sector economy. Nigeria is targeting smallholder farmers to drive the first phase of the Nigeria Economic Sustainability Plan. Chike Nwagwu, CEO of Novus Agro joins CNBC Africa for more.
The Nigeria Economic Sustainability Plan is a 2.3 trillion naira stimulus plan that the government of Nigeria wants to use to reduce the effects of an expected deep recession caused by the COVID-19. The first phase of the response plan focuses on agriculture for food and jobs. Kyari Bukar, former Chairman of the Nigeria Economic Summit Group joins CNBC Africa for more.
Nigeria's Federal Executive Council has approved a transit plan between the country's Economic Recovery Growth Plan which elapses this year and a successor plan - the Nigeria Economic Sustainability Plan. The 2.3 trillion naira 12-month stimulus plan looks to combat recession projections and cushion COVID-19 impact on the economy. Winston Osuchukwu, Co-Founder of Trans-Sahara Incorporated joins CNBC Africa for more.