Finance minister Kemi Adeosun says Nigeria is coming out of recession

The Nigerian economy is gradually coming out of its worst recession in years, the finance minister, Kemi Adeosun, has said.

“Nigeria is coming out of recession; we are beginning to see the signs and we will come out to become stronger,” the News Agency of Nigeria quotes Mrs. Adeosun as saying.

Speaking at an Abuja Town Hall meeting, the minister also said the federal government is working to block wastages, increase GDP and embark on single window project execution.

 Meanwhile the Consumer Price Index (CPI) which measures inflation declined by 0.02 percent in April, the National Bureau of Statistics, NBS, said on Tuesday.

According to the NBS in its new report, the inflation rate, put at 17.24 percent, declined a little further from the 17.26 percent recorded in March