Friday, 9 September 2016

Economy: The times are confusing but we as an administration are not confused - Kemi Adeosun

Minister of Finance, Kemi Adeosun says contrary to opinions by some Nigerians, this administration is not confused as to how it intends to grow the economy. According to Adeosun, the times may be confusing but the administration is not confused. She said this while speaking with state House correspondents.

"We are here because we were pumping the oil and using the money in recurrent expenditure. We were not investing. The NBS statistics are clearly showing that the level of investment has gone up so we are moving away from consumption to investment.
What does investment do? It is permanent. If you build a road, it is there for 40 years. These railways we want to revive was done in the colonial years. and it is still there. So we have to invest in capital. That is what this administration has said was our economic strategy. No we are not confused. The times are confusing but we are not confused. We are extremely focused. Know that if we can just bear and get through this difficult period, Nigeria is going to be better for it. And I must say, those who are criticizing us, not one person has come up and said this is what you should do. All they are saying is we don't like what we see. And we don't like it either. It is inevitable"she said.

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