The Minister of Finance, Mrs. Kemi Adeosun, on Friday said that the growth which the economy recorded in the 2015 fiscal period was the lowest in the last 15 years.
Nigeria’s Gross Domestic Product grew by 2.84 per cent year on year in real terms in the third quarter of last year.
The growth of 2.84 per cent represents an increase of 0.49 percentage points when compared to the 2.35 per cent recorded in the second quarter of 2015.
Adeosun said in a statement issued by her Special Assistant on Media, Mr. Festus Akanbi, that to stimulate growth and avoid recession, there is the need for a spending stimulus by the government.
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