Minister of Finance, Kemi Adeosun, has stated the country is
already out of recession “to an extent.”
She said this while speaking on African Independent
Television (AIT).
“We are out, we’re out to an extent and we hope that the
figures will reflect the fact that we’re out. We shouldn’t focus too much on
when, what we should focus on is growth. Getting out of recession is not
enough, we have to grow and grow aggressively.
“The ERGP has plans that will have us seeing seven or eight
percent growth and that is the kind of growth we need for our population growth
and I’d like to focus less on when we’ll get out of recession,” Adeosun said.
The Minister also added that President Muhammadu Buhari’s
administration, recovers loot daily.
“It’s a process that we are reconciling and I’m sure that
very soon, we will put out some data; I think Lai Mohammed put out some figures
and since then we have improved our reconciliation methods and we have an asset
tracking team.
“I’m confident that very soon we’ll put out updated figures
of course recovery changes day to day because on a daily basis, money is being
recovered from various places but soon we’ll put out comprehensive figures on
that.
“The recovered funds are still with me, part of it is to be
used for budget. The acting president has insisted that we identify projects in
the budgets that will have national impact so we are going through the budget
to identify and release funds for that especially in the area of health. Stolen
funds will be used for capital projects, not paying of salaries,” Adeosun
remarked
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