Thursday, 21 July 2016

Oh No! Nigeria is Technically in Recession - Minister of Finance, Kemi Adeosun


Minister of Finance, Ms Kemi Adeosun appeared before the senate today to talk about the state of the Nigerian Economy from the economic and financial perspective and she revealed that Nigeria is technically in recession but it will be a short one. In her words; 

"Technically if you go into two states of negative growth, you are in recession but I don't think we should dwell on definitions. I think we should dwell on where we are going. We will come out of it and it will be a very short one because the policies that we have will ensure we don't go further into it"
See some other revelations after the cut....







This is not good at all!

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