Nigeria Targets 7 pct GDP Growth By 2020

By Paul Carsten

Labourers work at the Dangote Cement factory in Obajana village in Nigeria's central state of Kogi November 8, 2010. REUTERS/Akintunde Akinleye
Labourers work at the Dangote Cement factory in Obajana village in Nigeria’s central state of Kogi November 8, 2010. REUTERS/Akintunde Akinleye

Nigeria is targeting economic growth of at least 7 percent by 2020, the Ministry of Budget and National Planning said on Tuesday, as the government seeks to lift the country out of its first recession in 25 years.

The target for gross domestic product growth is part of a medium-term economic recovery plan, it said in a statement.

“Our goal is to have an economy with low inflation, stable exchange rates, and a diversified and inclusive growth,” Minister of Budget and National Planning Udoma Udo Udoma said in the statement.

(Reporting by Camillus Eboh; Editing by Dominic Evans)

Source: af.reuters.com

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