He said the situation could have been worse if measure are not taken to stem the tide, assured that the present administration has all what it takes to rescue the country from the current economic downturn.
The minister gave the Charge in Awka while fielding questions from newsmen, expresses hope that the nation would come out of recession better and stronger.
Blaming the current econimic woes to inability of previous adminstrations to save for the dooms day, said the nation would have felt better if successive adminstrations had not diverted money meant for development to private use.
He queried the credibility of past governments, blame it on lack of vision to prepare for an uneventful period as it's now been experienced in the global economy.
Commenting on the perceived mass exodus of many political big wigs in Amambra state from thier different political parties to the All Progressive Congress, the minister who is also the leader of APC in Anambra state expressed confidence that the party would capture Anambra state in the 2017 Governorship election .
When asked if he would context in the November 2017 election, Senator Ngige said though age is no longer on his side but yet to ascertain the true essence, if he would contest the guber election.
All Progressive Congress has witnessed massive influx of notable political big wigs in Amambra, defecting as well as collapsing their existing structures into the party that was once seen as opaque due to the south eastern political permutations and inclination towards national politics .