I Don't Know When Recession Will End --- Kemi Adeosun, Finance Minister

Kemi Adeosun, Minister for Finance
Minister of Finance, Kemi Adeosun, says she cannot predict when the current economic recession will end. ‎Adeosun said this during an interview with newsmen over the weekend.

Speaking with newsmen in Abuja over the weekend, Adeosun said, “I don’t want to predict when we will get out of recession. Let me tell you that we will get into growth and that’s how you get out of recession, because of the stimulus that we are providing.


“And it may take longer than we would like, but we will definitely get out of it. We are already seeing some positive signs in agriculture and solid minerals and with what we are trying to do with other sectors, I am very sure we will get out of it soon.”

She added, “We think that the infrastructure challenges that we face are so serious and the kind of money that we need, we can’t borrow. When you have an accumulated deficit, you need to look for the money that will sustain what you are doing for the next three to four years.
“That is what we are doing, having more of a strategic approach so that over time, we will borrow less, and which of course is good.”
When asked what type of sale arrangement the government was considering for the national assets, the minister said it depended on the asset classes.
She said, “It depends on which one. There are some assets which you can lease and others you may need to divest from. The investor will also have to look at the risks and the pricing. Some assets just make sense to just leave them and there are some, which you may just sell but still hold on to the majority stake.

Nigeria will their funny ministers

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