Nigeria Partially out of Recession – Adeosun

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Nigeria Partially out of Recession – Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has said the Country is partially out of recession. “We are out, we’re out to an extent and we hope that the figures will reflect the fact that we’re out. We shouldn’t focus too much on when, what we should focus on is growth. Getting out of recession is not enough, we have to grow and grow aggressively.”

The Economy Recocovery and Growth Plan (ERGP) has plans that will have us seeing seven or eight percent growth and that is the kind of growth we need for our population growth and I’d like to focus less on when we’ll get out of Recession,” Adeosun said.

The Minister also added that President Muhammadu Buhari’s Administration recovers loot daily.

“It’s a process that we are reconciling and I’m sure that very soon, we will put out some data; she included that Lai Mohammed put out some figures and since then we have improved our reconciliation methods and we have an asset tracking team.

She added that “I’m confident that very soon we’ll put out updated figures of course recovery changes day to day because on a daily basis, money is being recovered from various places but soon we’ll put out comprehensive figures on that.”

The recovered funds are still with me, part of it is to be used for Budget. The acting president Osinbajo has insisted that we identify projects in the budgets that will have national impact so we are going through the budget to identify and release Funds for project especially in the area of Health. Stolen funds will be used for capital projects, not paying of salaries,” Adeosun remarked.

http://www.financialwatchngr.com/2017/07/20/nigeria-partially-recession-adeosun/

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