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Nigeria in Recession “technically”- Minister of Finance

Today the Minister of Finance laid to rest the Federal governments’ deniability regarding the state of Nigeria’s Economy.

The Minister of Finance, Mrs. Kemi Adeosun, has said that Nigeria is “technically’ in recession.

Adeosun said this at the Senate on Thursday while speaking about the state of the nation’s economy and the implementation of the 2016 Appropriation Act.

She also said the violent activities in the Niger Delta had affected government’s revenue.

When asked by the Senators if there was a strategy by the government to diversify the economy, Adeosun said the Federal Government was tackling the problem by bridging the infrastructural gap.

“The fundamental thing needed to diversity the economy is infrastructure  and we are attacking the infrastructural deficits,” 

Femi Adesina

Only few weeks ago, Femi Adesina the Special Adviser on Media and Publicity to President Muhammadu Buhari was under attack from Nigerians for acting as ‘poor brand manager’ by Lying in the face of a reality so glaring.

Adesina had made an appearance on Raypower Abuja on Friday, July 8, 2016, saying that “only few Nigerians” are complaining about Nigeria’s economic situation.

is words:

“Yes, you need to give me the statistics of those complaining. We [government officials] are in the midst of the people and we can feel the pulse of the people.

“I maintain that the people who are complaining are in the minority. I can tell you that the support base of this government is still enormous. Yes, we know some people are complaining but, they are still in the minority,” .

While experts say the downward trend of the economy is scary we can only wait until the government presents a clear cut plan.

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