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Buhari’s Economic Plan Could Be Make or Break for Nigeria

  • Government seeks to lift economic growth rate to 7% by 2020
  • Officials meeting with investors before planned Eurobond sale
Nigerians protest against President Muhammadu Buhari's economic Policies in Abuja, Nigeria's capital, on Feb. 6, 2017.

Nigerians protest against President Muhammadu Buhari's economic Policies in Abuja, Nigeria's capital, on Feb. 6, 2017.

Photographer: next24online/NurPhoto via Getty Images
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With discontent mounting and Nigeria seeking to raise international debt, lenders and investors are waiting for President Muhammadu Buhari to announce a plan that could determine whether he keeps his promises to boost the economy and create millions of jobs.

Buhari’s economic blueprint for the next four years, due to be released this month, will aim to lift West Africa’s biggest economy from its worst slump in more than two decades and boost the annual economic growth rate to at least 7 percent by 2020, Budget and Planning Minister Udo Udoma told reporters and investors in the capital, Abuja, on Monday.