Politics Lai Mohammed: The Worst is Over, Nigeria Will Claw Out of Recession in a Few Weeks


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Nigeria's Information Minister Lai Mohammed has affirmed that the country will be out of recession in a few weeks.

Speaking on Saturday at the biennial convention of the Nigerian Guild of Editors in Lagos, he said the prediction by CBN Governor that the country will be out of recession by the end of June holds true.

He was represented by the Managing Director of the News Agency of Nigeria (NAN), Bayo Onanuga.

“There have been other pointers for the good news as well. For two consecutive months, the National Bureau of Statistics has also reported a fall in inflation rate.

“The exchange rate is regaining some sanity.

“ As I said earlier, the worst appears to be over. We are clawing out of the woods of recession in weeks from now, the minister said.

He then urged the Nigerian media to focus on positive news and "developments in our economy, the growth in agriculture and mineral development."
 

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