Mrs Kemi Adeosun, the Minister of Finance, on Wednesday, September 28, told Nigerians during a two-day conference of National Council of Finance and Economic Development (NACOFED) in Abeokuta to be hopeful that the nation is already getting out of recession through the step Federal Government is taking.
Nigerian is getting out of recession- Kemi Adeosun
Read what she said:
“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.
“The government is investing more in capital than we have ever invested, we are sorting out infrastructures, we are stopping wastage and so the sign of recovery is already there.
“Agriculture and solid mineral 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 were here represented the 36 states.”
“We need to take stock, one of the most important thing I want to encourage all to do is to compute your own balance sheet, what are your assets, what are your liability, know your position.
“What are those pension liability, contractors liabilities that are hidden, bring them out, compute them, know them, it is very important.
“One of those things we have realized in the Federal level is that if that had been done we would have probably made better decisions in the past.
“If you don’t have the data you can carry on spending as if all is well only for a problem to come out as it has done in our own case to affect us.
“I just want to charge everybody to quietly compute your balance sheet and know it so that you can make decisions that really have the full picture.”