Osinbajo confers with economists on ‘quick economic recovery’ – The Cable

Vice-President Yemi Osinbajo met notable economists on Tuesday to discuss how Nigeria can be on a quick path to economic recovery.

At the meeting, Osinbajo said the challenges bedevilling the Nigerian economy are many, but the opportunities that abound are much more.

Economic experts who attended the four-hour long special meeting were Bismarck Rewane, Bode Augusto, Akpan Ekpo, Ayo Teriba and Badayi Sani.

Udo Udoma, minister of budget and national planning, who addressed journalists after the meeting, said the meeting was for developing a new mid-term framework.

“We’ve just finished a special meeting of the economic management team, as you know, we are in the middle of consultations to develop the new mid-term economic framework, M-TEF,” he said.

He further disclosed that the meeting is “part of a comprehensive consultation process that we are embarking on to make sure that we reach out to a wide spectrum of Nigerians to get a feed back in terms of how best to make sure that we come out of this recession.”

Kemi Adeosun, minister of finance, had initially declared Nigeria to be in a technical recession, after the economic contracted by 0.36 percent in the first quarter of the year, according to the National Bureau of Statistics.

Read more at https://www.thecable.ng/osinbajo-meets-economists-bring-nigeria-recession