Recession has been growing for three years -Fashola

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Published on November 12, 2016 by pmnews   ·   4 Comments

Babatunde Fashola, Minister of Power, Works and Housing

Babatunde Fashola, Minister of Power, Works and Housing

Mr Babatunde Fashola, the minister of power, works and housing said on Friday night that the prescription for recession in Nigeria had been in place for more than three years.

Fashola, accompanied by the minister of state in the ministry, Mustapha Shehuri, and its top officials, spoke at a media briefing to commemorate his first year in office.

He noted that when workers were being retrenched and the purchasing power of an average citizen eroded, as had been the case since 2013, these were obviously signs of recession.

He, however, expressed the hope that the Muhammadu Buhari-led administration was on the road to making Nigerians smile once again.

According to Fashola, electricity generation in Nigeria has improved considerably in the last 12 months, peaking at above…

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