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Nigeria is still in recession-Kalu

By Newsdesk,

The Abia State former Governor, Orji  Kalu, has declared that Nigeria was still in recession and that situation was made worse by fact that the president equally met an empty treasury.

Kalu also noted that Buhari was putting every necessary stimulus into the economy to ensure that the country exits recession by 2019 as he came to power at a time there was recession all over the world .

Speaking to journalist on Monday, the former governor disagreed quarters up holding that the country was already out of recession, but that the government already has a road map to work the economy out of recession.

“You can’t just tell people that we are out of recession because the indices are there. What the president and the government are doing is to continue to pump in stimulus, which is what the economy needs to come out of recession. And I can see us moving out of recession in 2019.”

“The president is restraining himself because if he says what happened in NNPC or central bank, Nigerians will not feel good about governance,” he said.

Kalu also revealed that the problem in Libya, which led to upsurge of emigrants into Nigeria and the president’s health challenges, caused a lot of havoc on his plan for the country.

He noted that the president had not done very well in terms of economy, but added that “he is grappling with it. There is a lot of stimulus going into the economy.”

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