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Group Asks FG To Declare State Of Emergency On Economy

A Civil Society Organisation (CSO) has advised the Federal Government to declare a state of emergency on Nigeria’s economy. The call follows a report from … Continue reading Group Asks FG To Declare State Of Emergency On Economy


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Naira, dollar, Market FX marketA Civil Society Organisation (CSO) has advised the Federal Government to declare a state of emergency on Nigeria’s economy.

The call follows a report from the National Bureau of Statistics which shows that Nigeria’s Gross Domestic Product (GDP) has contracted by 2.06% in the second quarter of 2016.

The Executive Secretary of the Centre for Social Justice, Mr Eze Onyekpere, made the recommendation on Wednesday while addressing journalists in Abuja, the Federal Capital Territory.

Mr Onyekpere noted that Nigerians were yet to feel the impact of the economic policies.

He advised the government to cut down on its spending and come up with a clear template on how it intends to build the economy.