Adeosun behind Nigeria’s economic woes – Group


Nigerian Youth Entrepreneurship Forum for National Development (NYEFOND), has accused minister of fiannce, Kemi Adeosun of dragging the economy of the country backward.

A statement signed by the group’s secretary-general, Victor Nse, said the recent outbursts by the minister were reasons Nigeria’s economy is still in comatose.

The statement reads in full: “We have watched with dismay as the minister has tried, albeit in vain, to bring the current administration into disrepute, through her actions; most times, without even knowing it and, other times, so brazenly that it is difficult to know if she is intent on bringing down the government’s efforts or bent on seeing the government’s policies work.

The minister has displayed great incompetence in handling the Nigerian economy, owing to her poor understanding of how things really work.

“So far, the minister has refused to heed the presidential directive to take action against directors in the ministry who were indicted in the ‘budget padding’ scandal. Rather, she has covered up for them and retained them within the ministry.

“Worse, she has refused to pay the salaries and entitlements of former head of states and displayed great inexperience and confusion in tackling issues relating to the recession.

“In the history of the Nigerian Civil Service, the minister was the first to be turned upon by the civil servants in the ministry, who demanded that she go, due to huge debts owed them.

“The minister has shamelessly and blatantly urged the Federal Government to borrow billions of dollars to salvage an economy which she described as “not really being in recession; recession is just a word,” thus mortgaging the future of our children and giving the next administration a huge bill of debt to pay.”


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