Why I don't believe we are out of recession - Governor Wike

Why I don't believe we are out of recession -
Governor Wike


The governor of Rivers state, Nyesom Wike,
has said he does not believe Nigeria is out of
recession.

Newslanded learnt that one of his reasons for his conclusion is that there have been no economic
indices to support the claim.

Daily Independent reports Wike as saying the claim
that the country is out of recession is a mere political
gimmick meant to deceive Nigerians and keep them
busy.


“When you say you are out of recession, it has an
implication. The implication is that the economy has
bounced back. When the economy has bounced back,
it means there is food on the table for people to eat.

“For the government, it means there is money for
states to embark on infrastructure and development
of their various areas.

“But you can see that most politicians try to deceive
the people who have given them the mandate and
their votes to represent them.

“I don’t believe that Nigeria is out of recession
because there must be signs to show that we are out
of recession.

“All these things they are saying about Nigeria out
of recession are gimmicks. Each time, the ruling party
has a problem, they find one thing to talk about in
order to keep on moving so that Nigerians can
continue to believe in them.

“That to me is not correct. You can no longer
continue to deceive Nigerians.

“It is just like former Vice President Atiku Abubakar
said, there must be signs to show that we are out of
recession.


“If truly we are out, what is the impact on the
economy? When the economy is good, there are
indices to show that is back and has come out of
recession.

“So, I don’t believe that statement. It is not correct
to say that we are out of recession,” he said.

Newslanded recently reported that the Nigerian National Bureau of Statistics confirmed that the country is finally out of recession with a positive
growth in its Gross Domestic Product (GDP).

The confirmation was made by Dr Yemi Kale, the
statistician-general of the federation, in the morning
of Tuesday, September 5, 2017.