Nigeria’s Bureau of Statistics released figures for the second quarter of 2016, confirming that the country is in an economic recession.
With GDP contracting for the second quarter and headline inflation rising, Nigeria’s minister of finance, Kemi Adeosun has been forced to admit that there’s indeed a recession.
Here are three things she had to say.
I believe this economy will turn around in no distant time. I know people are concerned about recession…
— Kemi Adeosun (@Mrskemiadeosun) August 31, 2016
We can come out of a recession as soon as possible by sticking to the prescription which is, We must be disciplined in our expenditure…
— Kemi Adeosun (@Mrskemiadeosun) August 31, 2016
We must invest in our capital and we must diversify our economy.
— Kemi Adeosun (@Mrskemiadeosun) August 31, 2016