Finance Minister Contradicts Self On Recession
Kemi Adeosun – Minister of Finance[/caption]
The Minister of Finance, Kemi Adeosun has urged Nigerians to exercise patience, stating that the nation is almost out of recession.
Adeosun’s statement is coming few days after she stated that she was clueless as to when the country will come out of the recession.
In her closing remarks at a two-day conference of National Council of Finance and Economic Development (NACOFED) in Abeokuta, Adeosun said: “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.
“The government is investing more in capital than we have ever invested, we are sorting out infrastructures, we are stopping wastage and so the sign of recovery is already there.
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“Agriculture and solid mineral 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 were here represented the 36 states,” she said.
Recall that Adeosun, on 25th September, contradicted the Central Bank governor’s claim that the recession will end in the fourth quarter, she said, “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.”
