The Governor of the Central Bank of Nigeria, (CBN) Mr. Godwin Emefiele, and managers of the nation’s economy, Senator Udoma Udo Udoma, Minister of Budget and Planning; and Mrs. Kemi Adeosun, Minister of Finance, yesterday, assured Nigerians that the recession is about to end as the worst has been overcome.
The Federal Government in a bid to show concern over the deteriorating state of the economy, last night released a formula-like that can help revive the economy.
Senator Udoma, Mrs. Adeosun and Information Minister, Alhaji Lai Mohammed, told newsmen in different interviews that the government was taking active measures to bail the economy out of recession. Speaking in a similar vein, Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, said the worst is over as far as the recession was concerned, stating that by December, the economy would be fully out of recession and be on the path of growth.
As a confidence building measure, the federal government has asked Nigerians not to panic over the recession, as it was not the first time it had occurred, assuring that everything was being done to check it and alleviate the impact on Nigerians.