The Minister of Finance, Mrs. Kemi Adeosun, has said that she cannot predict when the nation will get out of the current economic recession.
She, however, said that some of the efforts of the government to reflate the economy had started yielding results.
The minister, who spoke in an interview in Abuja, stated, “I don’t want to predict when we will get out of recession. Let me tell you that we will get into growth and that’s how you get out of recession, because of the stimulus that we are providing.
“And it may take longer than we would like, but we will definitely get out of it. We are already seeing some positive signs in agriculture and solid minerals;and with what we are trying to do with other sectors, I am very sure we will get out of it soon.”
I have been reporting on latest news from Nigeria for almost 10 years now. I report on every possible news area I come across, but always ensure my reports are compiled with dignity and fact to uphold my personal values and duty as a journalist
Posted: at 26-09-2016 05:38 AM (7 years ago) | Addicted Hero
EDDYPRINCE at 26-09-2016 06:02 AM (7 years ago) (m)
Confuse minister
Posted: at 26-09-2016 06:02 AM (7 years ago) | Addicted Hero
Cute minister, she is just careful, there is hunger and anger in the land, so she would not want to make a prediction that will elude the people, if she had confirmed a positive result, she would be under more judgement. Allow her to do her job, maybe she is not an empty vessel.
Posted: at 26-09-2016 09:33 AM (7 years ago) | Gistmaniac
Countries go into recession when outgoing money is more than income. America went into recession in 2008. The FED had to shore up their industries and banks when they coin the phrase "TOO BIG TO FAIL". The British government is foot dragging over BREXIT, because of the fear of recession. Even in our homes, if we spend more money than income, we'll have recession. We all need to re adjust our life style, and recession will be short lived.
Posted: at 26-09-2016 10:03 AM (7 years ago) | Upcoming
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