The Minister of Finance Kemi
Adeosun has said that she thinks Nigeria is getting out of recession and
getting on to a part of growth that will be sustainable.
“I think we are getting out of recession, all the statistics seems to suggest that but more importantly, we are getting on the part of growth that will be sustainable so we can see a future for Nigeria.
“So I think it is getting better” she added.
The Finance Minister who was a
guest on Channels Television’s Sunrise Daily said that when the Buhari
administration came in, the Nigerian economy inherited lots of issues from the
previous administration and the economy needed to go through a radical surgery
and fixes.
“We inherited a lot of problems, the Nigerian economy didn’t just need a little bit of fix here and there but needed radical surgery and to heal it will take a little bit longer”.
On infrastructural development,
the minister stated that the Federal Government is looking at a long-term thing
in infrastructure and the wider economy, which is why it seems like the growth
of the economy, is slow.
The minister regretted that one
of the issues affecting the economy is unemployment. “We have people that have
been unemployed for about 10 years and the economy and job market cannot absorb
them.
She proffered solution to the
issue of unemployment as getting the economy productive, for businesses to open
up, employ people and have input substitution.
Giving suggestions, she stated
that the clothing industry can provide employment for tailors,
manufactures, lawyer, accountants amongst others.
She insisted that jobs must
be created for the unemployed.
The finance Minister explained
that the food price escalation is not the produce but the high cost of
transportation that is needed for produce to be taken from the rural areas to
the urban locations.
She added that the government is proffering
solutions to help reduce the cost of transportation by supporting the farmers
through infrastructure.
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How long will you continue to deceive us. Promise and fail
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ReplyDeleteA federal finance minister is still thinking that we are out of recession. She is not even sure. Who put this lady there for God's sake?
ReplyDeleteNothing concrete, only probability. No certainty. We need divine intervention in this country. But our Pastor Acting (sorry, Co-ordinating) President doesn't seem to agree to that. Those managing the economy are miles behind the current economic realities.
We put Lawyer incharge of budget and national planning. Another lawyer incharge of 3 key ministries, A french graduate incharge of agriculture. A journalist incharge of education. We take a step forward and take a thousand backward, and we expect progress! It can only happen in Nigeria.
You think???? Really!!!!! You think??? Am out....
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