Nigeria will soon be out of recession: Adeosun

The  Minister of finance, Mrs Kemi Adeosun, said on Tuesday that the Nigerian economy was gradually coming out of its worst recession in years.

“Nigeria is coming out of recession. We are beginning to see the signs and we will come out to become stronger,” Adeosun said.

She spoke at an Abuja Town Hall meeting, organised by the Ministry of Information and Culture in Abuja.

According to the minister,  though the administration inherited a bad economy, it has succeeded in cleaning all the mess in the system and put steps in place to check further revenue leakages.

She said the six per cent to GDP was one of the lowest in the world and as such plans were ongoing to make Nigerians pay commensurate taxes to release more revenue for infrastructure development.

She assured that the government will continue on the part of increasing capital vote to deepen infrastructure development.

Minister of Budget and National Planning, Mr, Udoma Udo Udoma, also highlight the focus of  the 2017 budget, which he said was designed to take the country out of recession, assuring that the country would experience the impact.

In his contribution, Alhaji Lai Mohammed, Information Minister, said the administration had fulfilled its campaign promises of providing security, fight against corruption and rebuilding the economy.

On his part, Minister of Agriculture and Rural Development, Chief Audu Ogbe, speaking on herdsmen issue, said government had so far trained about 3,000 Agro Rangers in conjunction with the Ministries of Defence and Interior to curb the menace of killer herdsmen across the country with plans to train more.

He said: “We have trained 3,000 Agro rangers in collaboration with Ministries of Defence and Interior to engage the violent herdsmen. Most of the violent herdsmen, 90 per cent  we see in Nigeria are not Nigerians. We will take the matter to AU and World Bank to see how we can discourage open grazing. Ranches are what we need.”

He added that government plans to crash the price of local rice to make it affordable for Nigerians.

He said the plan was to protect the interest of local rice farmers and prevent importers of foreign rice from pushing them out of business, adding: “With the new policy of the current administration on rice, the importation of rice into Nigeria dropped from 158,000 tonnes to 58 tonnes in 2016, saving the country about $237.8 million in one year.”

On the activities of Ministry of Power, Works and Housing, the minister, Mr Babatunde Fashola, said the ministry created 9,000 direct jobs and 60,000 indirect jobs in the power sector during the 2016 budget implementation process.

In the Works sector, he said about 17,749 jobs were also created, while 68,000 direct jobs were created and 41,400 indirect jobs in the Housing sector.

On housing, Fashola said the administration had completed 1800 mortgage houses through  the Federal Mortgage Bank  and provided loan access to 2,044 civil servants.

en

SOURCE :The Nigerian Voice (business)

36 thoughts on “Nigeria will soon be out of recession: Adeosun

  • 5th December 2020 at 10:52 pm
    Permalink

    I am truly delighted to glance at this website posts which contains plenty off useful information, thanks for prfoviding such statistics.

    my blpg post … structural engineers (Christi)

    Reply
  • 9th December 2020 at 6:26 am
    Permalink

    whoah this weblog is great i like studying your posts. Stay up the good work!
    You realize, a lott of people are hunting arund for this info,
    you could aid them greatly.

    My homepage food delivery nar me open now
    (Reed)

    Reply
  • 9th December 2020 at 9:18 am
    Permalink

    Appreciating the dedication you put into your website and inn depth
    information you present. It’s nice too come across a blog
    every once in a while that isn’t the same unwanted rehashed material.

    Excellent read! I’ve saved your site and I’m including your RSS feeds to my Google account.

    my blog post – gloucester conservatories (Louis)

    Reply
  • 10th December 2020 at 2:32 am
    Permalink

    Heya i am for the primary time here. I ame across this board and I to find It really useful & iit helped mme
    out a lot. I hope to give one thing again and help
    others suh as you helped me.

    Here is my website – chinese food delivery gloucester (Erica)

    Reply
  • 10th December 2020 at 6:48 pm
    Permalink

    Hello, after reading this amazing piece of writing i am as well happy to share my know-how here with
    friends.

    Reply
  • 10th December 2020 at 9:17 pm
    Permalink

    Hi, I do believe this is a great wweb site. I stumbledupon iit ;
    )I will return yet again sonce i hae book marked it. Money andd
    freedom iss the greatest waay to change, may you be rich and continue to help others.

    Feel free to surf to my site: gloucesteer conservatories (Kacey)

    Reply
  • 14th December 2020 at 6:43 pm
    Permalink

    Excellent post. I am dealing with some of these issues as well..

    Reply
  • 27th December 2020 at 6:55 pm
    Permalink

    This is the perfect blog for anyone who wants to know about this topic. You know so much its almost hard to argue with you (not that I really would want…HaHa). You definitely put a new spin on a subject thats been written about for years. Great stuff, just great!

    Reply
  • 27th December 2020 at 11:34 pm
    Permalink

    there are textured table linens which are much better than untextured table linena.,

    Reply
  • 29th December 2020 at 6:50 pm
    Permalink

    Reading your post made me think. Mission accomplished I guess. I will write something about this on my blog. Have a nice Tuesday!

    Reply
  • 31st December 2020 at 5:48 pm
    Permalink

    Hello,Irrrm a sucker for reading through your blog post, I needed to depart a little comment to compliment you and also wish you with a good continuation. Wishing the finest of luck for all your blogging efforts.

    Reply
  • 1st January 2021 at 8:04 pm
    Permalink

    Comfortably, the article post is during truthfulness a hottest on this subject well known subject matter. I agree with ones conclusions and often will desperately look ahead to your updaters. Saying thanks a lot will not just be sufficient, for ones wonderful ability in your producing. I will immediately grab ones own feed to stay knowledgeable from any sort of update versions. get the job done and much success with yourbusiness results!

    Reply
  • 2nd January 2021 at 3:31 am
    Permalink

    I picture this could be numerous upon the written content material? nevertheless I nonetheless consider that it may be suitable for just about any type of topic subject matter, as a result of it will regularly be gratifying to resolve a warm and delightful face or maybe pay attention a voice whilst initial landing.

    Reply
  • 3rd January 2021 at 9:17 pm
    Permalink

    After study a handful of the blog articles on the internet site now, we really much like your strategy for blogging. I bookmarked it to my bookmark website list and will also be checking back soon. Pls check out my web page likewise and figure out what you believe.

    Reply
  • 4th January 2021 at 10:25 pm
    Permalink

    When I originally commented I clicked the -Notify me when new comments are added- checkbox and after this when a comment is added I am four emails sticking with the same comment. Could there be in any manner you may eliminate me from that service? Thanks!

    Reply
  • 19th January 2021 at 3:12 am
    Permalink

    Hi there to all, how is all, I think evesry one iss getting more from this website,
    and your views are nice for new viewers.

    Allso visit mmy page chinese in gloucester (Emerson)

    Reply
  • 23rd January 2021 at 9:35 pm
    Permalink

    An intriguing discussion is worth comment. I thiknk that you should write more about this
    topic, it may not be a taboo subjct but generally people
    do not discuss such subjects. To the next! Many thanks!!

    Feel free to surf to mmy site: gloucester chinese
    delibery (Dana)

    Reply
  • 27th January 2021 at 2:11 am
    Permalink

    Ihave been surfing on-line greater than three hours as oof late, yet I by no means discovered any attention-grabbing article like yours.
    It’s lovely price sufficient for me. Personally, if all website
    owners and bloggers made just right content as you did, thee ingernet shall
    be a lot more helpful than everr before.

    My homepage :: online food delivery near mme (Dessie)

    Reply
  • 24th March 2021 at 5:09 pm
    Permalink

    This is the right website for anybody wwho wawnts to
    understand this topic. You understand so much its almost toug to argue with you (not that I really wwould want to…HaHa).

    You certainly putt a fresh spin on a topic that has been discussed foor
    years. Wonderful stuff, just great!

    Feel free too surf to my web site :: double glazing – Alva,

    Reply
  • 27th March 2021 at 2:45 am
    Permalink

    I quite like reading through a post that will make people think.
    Also, thank you for allowing for me to comment!

    my website :: gloucester chinese takeaway delivery (Sybil)

    Reply
  • 27th March 2021 at 9:37 pm
    Permalink

    When someone writes an post he/she keeps thhe image of a ussr in his/her mind that how a user
    can know it. Therefore that’s why this post is amazing.

    Thanks!

    my site :: double glazing (Kerrie)

    Reply
  • 2nd April 2021 at 10:29 am
    Permalink

    Hi, I do think thiss is a great web site. I stumbledupon it
    😉 I may revisit yet again since I book-marked it.
    Money aand freedom is the greatest way to change, may you be ich and continue to guide other people.

    My web-site :: double glazing (Mammie)

    Reply
  • 2nd April 2021 at 2:42 pm
    Permalink

    Hi, yeah this post is in fact nice and I have learned
    lot of things frrom it about blogging. thanks.

    Also visit my page gloucester chinese takeout delivery,
    Marcel,

    Reply
  • 22nd July 2021 at 1:55 am
    Permalink

    Generally I do nott read article on blogs, however I wish to say that this write-up very forced mme to take
    a look at and doo so! Your writing taste has been surprised me.
    Thanks, quite nice article.

    Here is my webpage :: title loans (Gregory)

    Reply
  • 22nd July 2021 at 3:18 pm
    Permalink

    Appreciate this post. Will try it out.

    Feell free to surf too my website title loans (Justin)

    Reply

Leave a Reply

Your email address will not be published.