The Group Managing Director of Adron Homes and Properties Limited, Dr. Adetola Emmanuel King has said Nigeria was not experiencing any recession, stressing that the government was only broke.
Emmanuel spoke with Daily Trust on the sidelines of the commissioning of a N70 million rural electrification project funded by the company at Oluwanishola Village Atan in Ado-Odo Ota Local Government of Ogun State.
He insisted that the country was not experiencing any recession because private companies are not broke.
The real estate developer said: “I will like to say that we are not experiencing recession because our products are being demanded every day. So I don’t understand the issue of recession. The only thing I know is that government of Nigeria is broke; some private companies are not broke.
"It is only the government that is broke. So I don’t see it as a recession. The Finance Minister has said it that Nigeria is broke but Nigeria is not only the government. I am not broke”.
He disclosed that over 1000 Nigerians in Diaspora have subscribed to the ultra modern Grand View Park and Garden estate being developed by the company.
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