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29 Sep 2016
Kemi Adeosun Drops New Bombshell On Nigeria's Economy
Finance Minister, Mrs. Kemi Adeosun, has claimed that Nigeria was already walking out of the economic recession.
She said the development came following some positive measures the Federal Government had taken.
Mrs. Adeosun added that the recovery plan was to invest more in infrastructure and stop wastage in governance.
The Minister, in an interview with newsmen after the closing ceremony of the 2016 National Council of Finance and Economic Development (NACOFED) conference in Abeokuta, the Ogun State capital, noted that the economic recovery process would be driven from the local, state and the Federal Government levels.
“We are investing more in capital expenditure than we have ever invested. We are sorting out infrastructure; we are stopping wastage and so the sign of recovery is already there.
“We are already getting out of recession because of the actions the Federal Government is taking. If you are in a problem, the day you start to step towards progression, you are already getting out of it; we are getting out of it.
“Agriculture and solid minerals are already starting to grow and so they are responding to our policy initiative and we are expected to continue in that direction.
“Nigeria is getting out of the trouble that we have found ourselves. We are turning things around and I believe everybody is united and everybody that was here (conference) represented the 36 states of Nigeria and this recovery will be driven from the state and local governments,” she said.
According to her, the diversification of the economy from oil to agriculture and solid minerals was yielding positive results.
“There are no Federal people; everybody lives in the states. So having everybody together working in the same direction is very important and I want everybody to be included,” Mrs. Adeosun said.
Meanwhile, the minister had recently declared that she does not know when the ongoing recession will end.