Despite slow pace of development ,we can’t give up on Nigeria – Fashola

Minister of Power, Works and Housing, Babatunde Fashola

Despite the slow pace of development in the country, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, says the Buhari  administration is working round the clock to bring Nigeria back on track.

Fashola, who spoke in  Lagos during  an interactive session with social clubs, urged Nigerians not to give up on renewed efforts to salvage the country, adding that the long term objective of government was to ensure competitiveness in the economy.

“If there is one set of  people that I believe should still have hope in the country is the generation after us. There is nothing wrong with Nigeria. All that we need to do is to retrace our step from where we have gone wrong and begin to do things right”, the Minister said.

He however described the claim that  the present administration plunged  Nigeria’s economy into recession  as unfair and explained that recession is a global issue with some local consequences.

He pointed out the decision of  the immediate past administration  to finance Nigeria’s currency with its reserve did more harm than good to the economy as it caused the  reserve to dwindle and further threw the economy into serious crisis.

Fashola hinted that Dangote Group  had  sunk  over $20 billion in its investments and  infrastructural renewal in the Lekki-Epe axis of  Lagos, adding that he also believes that if the Dangote refinery  which comprises of petrochemical and fertilizers later comes up, the country’s demand for  foreign exchange would drop.