The Minister of Finance, Mrs. Kemi Adeosun, has said the country is
already getting out of the economic recession, given the pragmatic
approaches the Federal Government is taking to reverse the trend.
She
said this on Wednesday while fielding questions from journalists at the
end of a two-day National Council of Finance and Economic Development
conference held at the Green Legacy Resort, Olusegun Obasanjo
Presidential Library, Abeokuta.
It was held in conjunction with
the Federal Ministry of Finance with the theme: ‘Enhancing revenue
generation and obtaining best value for money in expenditure.’
Commissioners of finance from the 36 states across the country were in attendance.
She
noted that since the problems have been identified, and steps are
already being taken to block waste, the road to recovery was sure.
She said, “We are already getting out of recession because of the actions the Federal Government is taking.
“We
are investing more in capital than we have ever invested. We are
sorting out infrastructure, we are stopping wastage and so the signs of
recovery are already there.”
She explained that agriculture and
solid minerals are already starting to grow, as they are responding to
government’s policy initiative.
Adeosun said stakeholders from 36
states across the country had brainstormed for two days while resource
persons also delivered papers, adding that the economic recovery would
be driven at the state and local government levels.
She advised
finance commissioners and the accountant-generals in the states to
compute their balance sheets, which would show their assets and
liabilities.