Spending from expansionary budget provides stimulus to economy – Adeosun

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Nigeria’s economy has been riding in a stormy weather for several months. Things came to a head in the second quarter of 2016, when the economy slipped into recession and since then, it has been struggling to swim out of the murky waters. While there are estimations by local and international analysts, International Monetary Fund and even government on the time, when the economy would exit the recession, the federal government has continued to implement an expansionary budget to spend its way out of recession. In this Interview with Kunle Aderinokun, Minister of Finance, Kemi Adeosun, explains that the spending from the expansionary budget provides stimulus to the economy, says the fiscal and monetary objectives of the government are moving in the same direction for growth and sustainability, addresses the concerns on the nation’s rising debt, and sheds more light on the Paris Club refunds and issues arising from the TSA initiative…

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