Bismark Rewane, a member of Nigeria’s Presidential Economic Advisory Council says the country’s economy remains in a fragile state and needs stimulus in the form of loans, justifying President Muhammadu Buhari’s latest request for the Senate to approve a N2.3tn external loan.
Mr Rewane who is also the Managing Director and Chief Executive Officer of Financial Derivatives Company Limited stated this on Wednesday when he featured on an ARISE News programme, The Morning Show.
To revive the fragile state of Nigeria’s economy, Mr Rewane is of the opinion that it will need an impactful stimulus which could come in the ways of debts, investments and economic reforms.
Watch the video
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