Kemi Adeosun, the minister of finance, has disclosed today in Abuja that Nigeria is ‘technically in a recession’.
Minister of Finance, Kemi Adeosun
While fielding questions from Nigerian Senators on Thursday, the Minister of Finance, Kemi Adeosun, has revealed that Nigeria is “technically in a recession”.
The minister disclosed that Goodluck Jonathan’s administration did not adequately tackle the economic challenges faced by the country.
“Are we in recession? Technically, yes we are. The previous administration was borrowing to pay salaries. We were taking panadol when we had cancer,” she said.
According to TheCable News, while disagreeing with senators that the President Muhammadu Buhari-led federal government does not have an economic plan, she said the government is not immune to the sufferings of Nigerians, as it is doing all to alleviate their sufferings.
This is developing story…we’ll be bringing you more details as soon as it’s made available.