Thursday, 20 July 2017

Minister of Finance, Kemi Adeosun Declares "Nigeria Is Already Out Of Recession" -

Kemi Adeosun, Minister of Finance made the claim while speaking on a programme on African Independent Television (AIT).
Kemi Adeosun has said the Muhammadu Buhari-led recovers stolen funds daily.

She said;

“It’s a process that we are reconciling and I’m sure that very soon, we will put out some data; I think Lai Mohammed put out some figures and since then we have improved our reconciliation methods and we have an asset tracking team,” 
“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 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 that especially in the area of health. Stolen funds will be used for capital projects, not paying of salaries.”
Adeosun added that the country was already out of recession “to an extent.”
“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 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.”

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