The Minister of
Finance, Mrs Kemi Adeousn,
has assured Nigerians that
the current economic
recession the nation was
experiencing will not be
prolonged.
She gave the assurance on
Friday in Abuja while
addressing a news
conference.
She said that there was a
strategic plan by the
administration to see that the
recession ended soon and
also ensure that the
economy recovered fully.
“We have a strategic plan
that will take us out of the
recession we have found
ourselves in; we want to
make sure the recession is
as short as possible
because we do not want a
prolonged recession.
“From what we are looking at
we do not think that it will be
a prolonged recession; we
think that some of the
initiatives that we are
working on will now begin to
bear fruits.
“We are on course and are
confident that the plan we
have put together will work
and put the economy back on
track.
“It is a long term plan that
would reposition the economy
so that we do not go into this
boom and burst circles that
are driven by the oil price.
“The economy has to be
more resilient than that so
that we do not find
ourselves back where we
are.’’
She said that although there
was no specific date to end
the recession, the fact that
there were measures in
place was enough indication
that the end of the recession
had begun and that Nigeria
would come out stronger.
Listing some of the measures
the administration had taken
to address the situation, she
said that since the budget
was released in May, over
N420 billion had been
released and cash backed
for capital projects.
She said that the largest
sector that the money was
spent on was Power, Works
and Housing.
She also said that a lot had
been done in the defence
sector to rebuild the
capability of the army,
especially on efforts in the
North East.
“Agriculture has received
significant funding because
of the time sensitivity of
agriculture and because of
the fact that food prices
were rising, we needed to
intervene so that we could
get food prices down.
“There is activity resuming
on roads, power projects
and health projects and we
have released money to
water resources and solid
minerals.’’

vanbonattel:
We have strategic plan to kick you and buhari out in 2019 elections

saint7000:
This is what I'll do this kiosk accountant if she passes by my house. Hogwash!

mamabomboy:
Osinbanjo+Adeosun+Fowler= Recession.


Never again will we allow Yorubas to manage our money

madridguy:
WE BELIEVE YOU MAA.

IN APC WE TRUST

Signed: ZOMBIE.