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Buhari vows to lead Nigeria out of recession

Vendors prepare for Eid amid Nigeria's economic slumpNigeria’s President Muhammadu Buhari on Sunday pledged to reverse the country’s economic slump as his government also tackles endemic corruption and the security threat from Boko Haram Islamists. Recession was officially confirmed in Africa’s most populous nation last month, after a second successive quarter of contraction caused by sustained falls in global oil prices. With inflation currently at more than 17.0 percent and rising, and the naira currency in free fall, Buhari acknowledged “the difficult economic times” and the sacrifices people were making.

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