The Economic Recession currently experienced in the country has been revealed to have started more than three years ago. The Honourable Minister of Power, Works and Housing, Babatunde Fashola said this yesterday.
While briefing the media yesterday to commemorate his first year in office, Fashola pointed out that workers retrenchment and the drop in purchasing power of an average citizen eroded as far back as 2013.
He, however, expressed the hope that the Muhammadu Buhari-led administration was on the road to making Nigerians smile once again.
The minister insisted that electricity generation in Nigeria has improved considerably in the last 12 months, peaking at above 5074MW for the first time in the nation’s 63-year-old electricity history earlier this year.
“This has created jobs for hitherto idle artisans, small and medium scale entrepreneurs and empowered other businesses.
“More than 800 containers of imported power generation and distribution components stranded at the ports for between three and eight years, have been released.”
He said that the meters would soon be readily available as more companies embark on their production in Nigeria.
The post ‘Economic Recession Did Not Start Under Buhari, It Started In PDP’s Time’– Fashola appeared first on LATEST NIGERIAN NEWS BREAKING HEADLINES NEWSPAPERS.
from LATEST NIGERIAN NEWS BREAKING HEADLINES NEWSPAPERS http://ift.tt/2eqQyFR
via IFTTT
