Nigeria's Minister of Finance, Kemi Adeosun has said that the country is technically facing an economic recession.
She has also said that the government is working to end the recession, which is good news, but there’s also bad news.
Below are three discouraging things Mrs Adeosun has said about the recession:
“I don’t want to predict when we will get out of recession…”
“It (the recession) may take longer than we would like…”
“We did not anticipate the impact of the much awaited crisis which of course is built on our revenue which is down significantly.”
Central Bank of Nigeria (CBN) governor, Godwin Emefiele had earlier said that the recession would end by December 2016.