The Minister of Finance, Mrs. Kemi Adeosun, has said that Nigeria is “technically’ in recession.
Adeosun said this at the Senate on Thursday while speaking about the state of the nation’s economy and the implementation of the 2016 Appropriation Act.
She also said the violent activities in the Niger Delta had affected government’s revenue.
When asked by the Senators if there was a strategy by the government to diversify the economy, Adeosun said the Federal Government was tackling the problem by bridging the infrastructural gap.
“The fundamental thing needed to diversity the economy is infrastructure and we are attacking the infrastructural deficits,” she said.