SAN FRANCISCO, October 21, (THEWILL) – The Minister of Finance, Mrs. Kemi Adeosun and the Accountant-General of the Federation, Alhaji Idris Ahmed, have endorsed the recent position of the International Monetary Fund, IMF, that Nigeria’s economy is the largest in Africa.
THEWILL had reported that the IMF has affirmed, through projection that the nation’s economy is the biggest in Africa, ahead of South Africa and Egypt.
They both spoke on Thursday during the Federation Account Allocation Committee, FAAC meeting in Abuja.
“That Nigeria is back again as the biggest economy on the continent is a welcome development. When it started sometime ago and South Africa took over the lead as the biggest economy, I’m not surprised at all that Nigeria has taken over her leading position given what the federal government is doing to get the economy from recession.
“We have the potential of growth to move higher. It will put us in rightful position as a major destination for investors,” said Adeosun through the Permanent Secretary in the ministry, Dr. Mahmoud Isa-Dutse, who represented her at the meeting.
Ahmed, on his part, said, “The IMF rating confirms the resilience of our economy and the resilience of Nigerians in terms of coming out of this recession.
“It also goes to confirm the massive capital investments that are being made by this government and it is not just by the Federal Government but by the state governments as well.
“So, we will come out of this recession. It is just a matter of time.
“All the necessary indicators and stimulants have been put in place and we are already beginning to reap the benefits of what is being done.”
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