Nigeria on the way out of Recession

Ebun Francis

Nigeria is already on its way out the out of the Economic recession if the words of Mrs. Kemi Adeosun, The minister of Finance is to be believed. The trend she said was as a result of the pragmatic approaches the Federal Government has so far taken to tackle the problem. The Minister disclosed this development to newsmen at the end of a two-day National Council of Finance and Economic Development conference held at the Green Legacy Resort, Olusegun Obasanjo Presidential Library, Abeokuta.

The conference with the theme: ‘Enhancing revenue generation and obtaining best value for money in expenditure, ’was attended by the finance Commissioners from the 36 states across the country.

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Mrs Adeosun told newsmen that since the problems have been identified, and steps are already being taken to block waste, the road to recovery was on.

According to her, “We are already getting out of recession because of the actions the Federal Government is taking.

“We are investing more in capital than we have ever invested. We are sorting out infrastructure, we are stopping wastage and so the signs of recovery are already there.”

The Minister stated that agriculture and solid minerals are already starting to grow, as they are responding to government’s policy initiative.