RECESSION: The worst is over —CBN GOV



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, said the nation’s economic crisis will soon come to an end, insisting that “the worst is over.”

Disturbed by the despair in the land over the nation’s declining economy, the Federal Government, last night, released what looked like a formula to steer the economy out of recession and make the people heave a sigh of relief. Senator Udoma, Mrs. Adeosun and Information Minister, Alhaji Lai Mohammed, told Vanguard in separate 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, CBN, 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.



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