We Are Already Coming Out Of Recession – Finance Minister Says

Mrs. Kemi Adeosun, the Minister of Finance, has
said Nigeria is already getting out of the
economic recession, given the pragmatic
approaches the Federal Government is taking to
reverse the trend.
She said this on Wednesday while fielding
questions from journalists at the end of a 2-day
National Council of Finance and Economic
Development conference held at the Green Legacy
Resort, Olusegun Obasanjo Presidential Library,
Abeokuta.
It was held in conjunction with the Federal
Ministry of Finance with the theme: ‘Enhancing
revenue generation and obtaining best value for
money in expenditure.’
Commissioners of finance from the 36 states
across the country were in attendance. The
minister noted that since the problems have been
identified, and steps are already being taken to
block waste, the road to recovery was sure.
She said, “We are already getting out of recession
because of the actions the Federal Government is
taking. We’re investing more in capital than we
have ever invested. We’re sorting out
infrastructure, we are stopping wastage and so
the signs of recovery are already there.”
She explained that agriculture and solid minerals
are already starting to grow, as they are
responding to government’s policy initiative.