FG ready to tackle recession with agric, solid minerals, others – MINISTER

Thursday, September 29, 2016

ABEOKUTA-The Minister of Finance, Mrs Kemi Adeosun yesterday, said the Federal Government would use agriculture and solid minerals to tackle the current economic recession.

This came as Governor of Ogun State, Ibikunle Amosun said that oil has failed Nigeria.

Adeosun also 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 while fielding questions from journalists at the end of a two-day National Council of Finance and Economic Development conference held at the Olusegun Obasanjo Presidential Library, Abeokuta.

It was held in conjunction with Federal Ministry of Finance with the conference theme: 'Enhancing Revenue Generation and obtaining best value for money in expenditure.'

Commissioners for Finance from the 36 states across the country were in attendance.

Adeosun said both agriculture and solid minerals were already starting to grow, as they were responding to government's policy initiative.

Meanwhile, Governor Amosun, who spoke, yesterday, at the ongoing Made-in-Nigeria Festival taking place at Eko Atlantic City, Lagos, stated the need for Nigerians to revert to agriculture as the nation's mainstay.

Represented by Secretary to the State Government, Taiwo Adeoluwa, the governor spoke on the topic: 'From Oil to Soil: Private sector role in the transition of the main economy''.

Adeoluwa said "We must not forget that our soil has mineral resources yet untapped which will bring about wealth creation and job creation. Agriculture should be the mainstay of our economy.”