N510.2b Shared Among Federal, States and Local Government For The Month of September

Folasade Folarin, Abuja: Finance minister Kemi Adeosun told newsmen after the meeting of Federation Account Allocation Committee (FAAC) in Abuja that the amount for September is higher than the N493.6 billion shared in July by N16.6 billion.

“Nigeria is in technical recession” - Kemi Adeosun

Kemi Adeosun

The International Monetary Fund said Nigeria’s economy was projected to contract in 2016. It cut the country’s GDP growth forecast from 2.3 percent in April to – 1.8 percent, lowest in 29 years. But Mrs. Adeosun brushed aside the grim predictions by the IMF projections.