NIGERIA’S ECONOMY WILL COLLAPSE FURTHER IF N12 TRILLION OWED LOCAL CONTRACTORS IS NOT PAID – SENATE
The Senate has issued a stern warning on the imminent collapse of the nation’s economy due to the N5.5 trillion owed local contractors.
In a motion sponsored by Senator Oluremi Tinubu (APC) representing Lagos Central Senatorial District which was co-sponsored by five others, she explained that the country was currently experiencing difficult times by a slump in oil prices, adding that the entire quarters for 2016 witnessed a negative gross domestic product (GDP).
- 28 Feb 2017
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- Last Updated: Tuesday, 28 February 2017 19:21
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