The Minister of Finance, Mrs Kemi Adeosun, during a news conference at Abuja, assured Nigerians that the current economic recession the nation is experiencing will end soon.
She explained that the government had made strategic plans to make sure that the recession ended soon and also that the economy recovered fully.
She said, “We have a strategic plan that will take us out of the recession we have found ourselves in; we want to make sure the recession is as short as possible because we do not want a prolonged recession.
“From what we are looking at we do not think that it will be a prolonged recession; we think that some of the initiatives that we are working on will now begin to bear fruits.
“We are on course and are confident that the plan we have put together will work and put the economy back on track.
“It is a long term plan that would reposition the economy so that we do not go into this boom and burst circles that are driven by the oil price.
“The economy has to be more resilient than that so that we do not find ourselves back where we are.’’
She noted that the strategies employed by the Federal Government showed that the recession would end soon with Nigerians coming out stronger.
On the hike in food prices, Kemi said that the agriculture sector had received significant funding so that the prices of food can be reduced.
On recovery of assets, Adeosun said that a fixed asset register would soon be opened to determine the values of the non-cash assets like farmlands, vehicles and houses collated by the committee.
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