Business & Finance

Nigeria is Technically in Recession, Kemi Adeosun Confesses

Kemi Adeosun, Finance Minister, Minister of Finance, Adeosun Addressing the Senate

Minister of Finance, Kemi Adeosun, today at the hallowed Chamber of the National Assembly confessed to the senators that Nigeria is indeed “technically” in a recession.

Adeosun said this while fielding questions from senators about the Nigerian economy.

Related: How Past Governments Killed Nigerian Economy – Kemi Adeosun
While fielding questions from senators on Thursday, Adeosun explained that the previous

“Are we in recession? Technically, yes we are, “she said. 

“The previous administration was borrowing to pay salaries. We were taking panadol when we had cancer”.

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While disagreeing with senators that the government does not have an economic plan, she said the government is not immune to the sufferings of Nigerians, as it is doing all to alleviate their sufferings.

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