The Federal government says
inspite of the fall in oil price and naira devaluation, Nigeria still remains
the biggest economy in Africa.
Minister of Finance and
Coordinating Minister for the Economy, Ngozi Okonjo-Iweala said compared to
other countries that have been impacted with the fall in Oil price, Nigeria is
managing the situation well and is expected to grow because it has a robust
non-oil economy.
Dr. Okonjo-Iweala added that
the federal government is taking some measures that will help stabilize the
naira and ensure those key programs and critical areas that impact on people,
are not too affected.
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