LAGOS, MARCH 7, 2017 – Nigeria expects gross domestic product to bounce back with growth of 2.19 percent, the budget ministry said on Tuesday, unveiling a reform plan to kick-start its ailing economy that includes selling some assets and hiking tax on luxury items.
The Economic Recovery and Growth Plan 2017-2020 also aims to ramp up oil production to 2.5 million barrels per day by 2020.
Under the plan the government expects to earn 35 billion naira ($115 million) from the sale of some national assets.
