Nigeria’s Minister for Finance, Kemi Adeosun has words of hope for Nigerians on the economic recession.

The former commissioner in Ogun State expressed hope that Nigeria can ride out of recession very fast.

On Wednesday, the National Bureau of Statistics (NBS) indicated that the country was in recession with the release of the Gross Domestic Product (GDP) figures for the second quarter of 2016.

The figures reveal that the country’s GDP growth rate slid from -0.36 per cent in the first quarter to -2.06 per cent year-on-year.

A recession is defined as a significant decline in activities across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale retail trade.

However, Adeosun prescribed investing in the country’s capital as one of the ways to counter the recession.

She said on twitter, “I believe this economy will turn around in no distant time. I know people are concerned about recession.

“We can come out of a recession as soon as possible by sticking to the prescription which is, We must be disciplined in our expenditure.

“We must invest in our capital and we must diversify our economy.”

I believe this economy will turn around in no distant time. I know people are concerned about recession…

— Kemi Adeosun (@Mrskemiadeosun) August 31, 2016

We can come out of a recession as soon as possible by sticking to the prescription which is, We must be disciplined in our expenditure…

— Kemi Adeosun (@Mrskemiadeosun) August 31, 2016

We must invest in our capital and we must diversify our economy.

— Kemi Adeosun (@Mrskemiadeosun) August 31, 2016