July 21, 2016

Nigeria's Economy Falls Into Recession

Information reaching OluFamous.Com indicates that the Minister of Finance, Kemi Adeosun, told the Senate in session this afternoon that Nigeria's struggling economy is finally in recession.

When asked if we are in recession, Mrs Adeosun said; "Technically, Yes." She also confirmed in clear terms that there is no more subsidies. With this reality, what is the way out?

These are indeed troubling times for many families. Inflation figures are scary. The cost of goods and servicing are increasing on a daily basis. The value of the Naira is not encouraging, especially at the notorious black market which operates with virtually no control.

I hope the government will be able to fashion out a realistic way forward in the shortest possible time.

11 comments:

samaila sulaiman said...

May God save us

ats three said...

Lord have mercy.

maryam sadisu said...

Hmmmm..... God! We are in your hand , we commit Nigeria into your hands.

inumidun said...

Seen..

Hassan Aderemi said...

Problems identified is half solved, our economy team needs to strategize way out from this recession

SPACO said...

It can only get better for us.

Harbolarkale Niyi said...

All we need at the situation like this in this country is God intervention

mummy twins said...

God pls have mercy

Kay Heavy said...

I suggest a composition of formidable economic team asap,,,

eniola lawal said...

Hmmmm na wa oo

olutoscene1 said...

Oluwa saanu wa o.

#Olu,can you see?