The Minister of finance, Mrs. Kemi Adeosun, yesterday, comfirmed Nigeria was already walking out of the economic recession following some positive measures the Federal Government had taken.
Mrs. Adeosun added that the recovery plan was to invest more in
infrastructure and stop wastage in governance.
The Minister, in an interview with reporters after the closing
ceremony of the 2016 National Council of Finance and Economic
Development (NACOFED) conference in Abeokuta, the Ogun State
capital, noted that the economic recovery process would be driven
from the local, state and the Federal Government levels.
“We are investing more in capital expenditure than we have ever
invested. We are sorting out infrastructure; we are stopping
wastage and so the sign of recovery is already there.
“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;
we are getting out of it.
“Agriculture and solid minerals 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 was here (conference) represented the 36
states of Nigeria and this recovery will be driven from the state and
local governments,” she said.
According to her, the diversification of the economy from oil to
agriculture and solid minerals is yielding positive results.
She urged the Finance Commissioners from the 36 states and
other stakeholders at the conference not to see economic recovery
as the Federal Government’s responsibility, but rather join hands
to save the economy.
“There are no Federal people; everybody lives in the states. So
having everybody together working in the same direction is very
important and I want everybody to be included,” Mrs. Adeosun
culled -The Nation