The Minister of Information and Culture, Alhaji Lai Mohammed, has said that taking Nigeria out of recession did not happen by accident but a culmination of hard work and fidelity to well-articulated economic policies.


The minister spoke in Kano on Wednesday at the Fourth Annual Conference of the Association of Communication Scholars and Professionals of Nigeria.

The conference, hosted by the Faculty of Communication, Bayero University, Kano, had the theme, “Communication, Governance and Development”.

The minister said the commitment of the Muhammadu Buhari administration to strategic implementation of the Economic Recovery and Growth Plan, launched on April 5, contributed a great deal in bringing the economy out of recession.

Mohammed congratulated Nigerians over the good news from National Bureau of Statistics but noted that the naysayers and purveyors of fake news would not be happy about the development.

“While this is good news for the good people of Nigeria, it will be very sad news for the purveyors of fake news, disinformation and hate speech.
“Why? Because part of the reasons they have devoted their energies to spreading lies about the administration is to pull the wool over the eyes of Nigerians and give the impression that the administration is not working,” he said

He stressed that contrary to the disinformation being spread by naysayers, the administration was working and the results were showing.

The minister recalled that the country had been on the path toward recession since mid-2014 but officially slipped into recession in the second quarter of 2016.

He attributed the recession to a combination of factors, including total dependence on a mono product – oil – and the failure to save during the boom years.

Mohammed said that some right steps that had culminated in the good news being celebrated included deliberate government policies to grow the oil and non-oil sectors and economic diversification programmes.

“The non-oil sector was driven principally by strong growth in agriculture and solid minerals sector, and reversal in the previous contraction of the manufacturing and construction sector,” he said.

He said inflation rate that rose astronomically in 2016 from 9.03 per cent in January to over 18 per cent by December had consistently declined every month since January 2017.

The minister also identified positive foreign trade with rise in export and decrease in import, as well as increased foreign investment and capital inflows as reasons for the country exiting recession.

He said the massive road and railway construction work across the country were bringing back many jobs that had been lost in the sector.

“For three years before this government came in, contractors were not paid. That’s now history,” he said.

Mohammed said that the food prices that were still high were being addressed with appropriate monetary and fiscal policies.

He said although the current data on the country’s unemployment rate was still being awaited but as the economy recovered and private economic activities firming up, prices were expected to fall.

The minister commended the association for organising the conference.

Gov. Abdullahi Ganduje of Kano State said the conference came at a time that there was increase in hate speech and fake news in the country.

The governor, represented by Mohammed Garba, the state Commissioner for Information, urged participants to give recommendations that would check hate speech and fake news.

The conference was attended by an elder statesman, Prof Jubril Aminu, former Director General of NTA, Dr Tony Iredia, and the Vice- Chancellor of Bayero University, Prof. Mohammed Bello.

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please don't come and blow grammar here that you will deny tomorrow. complicated minister ever

Jus wen u thought u were finally getting some we'll deserved rest from d lying tongue of dis man.. D recession u ppl drove d country into with ur numerous policy summersaults and trial and error policies abi while heaping d blame at d feet of corruption.

I smell lies from Lai

Since 2006, I stop believeing any statistical figures released by Nbs & Npc.


Oga lie mohammed, u are just insane.
U & ur bubu originated hate speech,so do not be scared as what u sowed is returned back to u.

Unfortunately for lying Mohammed majority of Nigerians don't believe his words anymore even if he's telling the truth.

The FG shouldn't roll out drums yet on this recession exit.

0.55% growth isn't much and the FG needs to improve on the agric sector and douse tensions in the ND too to enhance economic stability.

I honestly did not read that plenty talk from Lai.

The guy is an empty head. Empty of profitable ideas. Filled with lies from the pit of hell.

How come when we entered recession every one knew and could feel it.

Now, they claim we are out of recession, yet people can't feel it. Now they want to use media to force it on us that we are out of recession

Now that we are statistically out of recession the masses will start feeling the impact



Though greed will be a major hindrance because most of the retailers are still gonna give us artificial inflation


Prices of local food stuffs have reduced by 50% already in Enugu and we expect it to go down further.

ndcide:
How come when we entered recession every one knew and could feel it.

Now, they claim we are out of recession, yet people can't feel it. Now they want to use media to force it on us that we are out of recession

sir,we didn't know when we entered recession.

It was when it got hard that we started feeling it n dat is because a new govt dat didn't pretend n borrow money to pay salaries came into office.

Two big supermarkets I Know just shut down today after struggling for two years under Buhari yet this liar of A Lai is still lying

SalamRushdie:
Two big supermarkets I Know just shut down today after struggling for two years under Buhari yet this liar of A Lai is still lying

We know that fair is foul and foul is fair to death wishing wailers.

Please give us the name and address of the two supermarkets.

Thank you.

Meanwhile no more free money. Happy days ahead.
Sai Buhari

Okoroawusa:

sir,we didn't know when we entered recession.

It was when it got hard that we started feeling it n dat is because a new govt dat didn't pretend n borrow money to pay salaries came into office.

The indices of recession was obvious in the first, second and third quarters. We all saw it. Inflation was moving from 9%-14%-19%

Liquidity was low, banks were not giving out money, people were not coming into the country for business, FDI, was low, the real sector was down and out, real estate was earning almost nothing. Etc

My friend, we knew... Politics aside.