President Muhammadu Buhari has promised that the 2017 budget proposal which he intends to present to the National Assembly on Wednesday will get the country out of recession.
The federal government has blamed the incessant destruction of oil facilities by militants in the Niger Delta as being directly responsible for the persistence recession in the Nigerian economy in the third quarter of 2016.
In an apparent reaction to the economic crunch being experienced in Nigeria, petrol consumption as well as vehicle importation has drastically dropped.
The current economic recession in the country notwithstanding, the House of Representatives has commenced the disbursement of brand new vehicles to all its 360 members.
