Atiku reacts to Nigeria officially out of recession report

Former Vice-President Atiku Abubakar has reacted to news that Nigeria is officially out of a recession, saying when every Nigerian can boast of taking three square meals a day that’s when actual recession ends.

Reacting to the report, Atiku said while the news is a boost for Nigeria, it must also have a positive impact on the masses.

He has said that the federal government must continue to work hard to expand the economic opportunity for all Nigerians.

He said the economy’s weakness at the bottom of the pyramid remains, as inflation is still high.

Read also: It is deceitful to say Nigeria is out of recession – Onovo

He said: “As a Nigerian, investor and employer of labour, the news of Nigeria’s official emergence from the recession is most welcome.”

“The news is surely a boost for Nigeria – it tells investors, local and foreign, that our economy is worth investing in.

“While we rejoice, it’s also important to recognize that economic weakness at the bottom of the pyramid remains. Inflation is still high.

“We must continue working hard to expand economic opportunity for all Nigerians. When all Nigerians can eat 3 square meals, that’s when the real recession ends. We have work to do.”

Meanwhile, Former presidential candidate of the National Conscience Party (NCP), Martin Onovo, also opines that the Federal Government deceived Nigerians by saying the country is out of economic recession.