• Finance minister: this is our worst possible time

    Finance minister: this is our worst possible time

    The full picture of Nigeria’s economic gloom was laid bare yesterday.

    The National Bureau of Statistics (NBS) released its indices which showed that the economy had contracted for the second consecutive quarter.

    Finance Minister Kemi Adeosun, speaking after the Federal Executive Council (FEC) meeting in Abuja, described the country as being in its “worst possible time”, but stressed there is a silver lining.

    In its second quarter report, the NBS put the inflation rate at 17.1 per cent, It said the Gross Domestic […]