The Finance Minister, Zainab Ahmed, said that the regime of the President, Major General Muhammadu Buhari (retd), rescued Nigeria from two recessions and has placed the country on track for growth and development.
Ahmed said this during her interview session on Wednesday with Bloomberg TV at the World Economic Forum in Davos, Switzerland.
The minister emphasised how the administration of President Buhari has played pivotal roles in the welfare of her citizens. She said Buhari’s government has contributed immensely to increasing infrastructure stock and has facilitated consistent economic growth.
She further stated that despite the two times recessions that surged, the administration was able to pull the country out and create the right enablement for economic growth.
In her words, “We have done a lot in terms of taking care of people, increasing infrastructure stock, holding the economy to grow consistently.
“Despite two recessions, we have pulled out of the recession and set the country back on growth. We have done a lot to provide when people need help the most.”
However, in Q3 2022, Nigeria experienced its slowest growth rate since the covid-19 pandemic with a growth of 2.25% in Nigeria’s Gross Domestic Product (GDP).
This slow growth was attributed to the underlying effect of the recession and the unfavourable economic condition that has inhibited productivity.