????????????????????????????????????
News From MDA'S

Minister Warns Against Politicizing Nigeria’s Exit From Recession

158

The Minister of Information and Culture, Alhaji Lai Mohammed, has warned against the politicization of the country’s recent emergence from recession.

The Minister, who stated this when he received the Broadcast Media Editors on a courtesy visit in Abuja on Friday, said politicizing the nation’s triumph over recession is a disservice to the people of Nigeria.

“To naysayers, I will say: This issue should not be politicized. An issue that affects the welfare of our citizens should not be toyed with. Let us all appreciate what this Administration has done in returning our economy to the path of positive growth and then support and encourage it to do more.

”Trying to downplay what has been achieved is bad politics. I know this good news of our emergence from recession has hit the naysayers very hard. But they should recover quickly and embrace the good news. Sorry, but it can neither be denied nor wished away,” he said.

Alhaji Mohammed said some critics even claimed that getting out of recession is mere statistics and does not mean anything, even though it is the same statistics that was used to say that Nigeria had slipped into recession in Q2 2016.

He said now that Nigeria has emerged from recession, the Administration will sustain and build on what it did to get the economy out of recession through sustained policy interventions in various sectors.

The Minister listed such measures as including the continued stimulation of local production of staples (e.g. rice), using initiatives like the Anchor’s borrowers programme and the Presidential Initiative on Fertilizers; continuous improvement of the business environment via PEBEC to attract investors; positive engagement in the Niger Delta that has resulted in improved oil production and ensuring stability in the Foreign Exchange Market.

He said the government would also continue the efforts to ensure that inflation rate, which has come down from 18% to 16%, is further brought down; continue to build-up of the foreign reserves, which has hit a 30-month high of $31.8 billion as at July 2017 and ensure the sustenance of the Social Intervention Programme such as N-power, which has created 200,000 jobs and is set to create 300,000 more this year; the National Home Grown School Feeding Programme that provides one meal a day to 3,065,000 pupils in 14 states and the Conditional Cash Transfer from which 30,000 households have benefitted from the N,5000 monthly stipend.

Alhaji Mohammed also gave the assurance that government will continue to improve on power generation, which has increased from 2,690MW to over 6,000MW .

Earlier, the Convener of the Broadcast Media Editors, Mr. Tijjani Yunusa, pledged the partnership of the group with the Federal Government in its effort to develop the country.

Leave a comment

Related Articles

FG raked in N318.5bn revenue in Q1 of 2024 – Accountant-General

The Federal Government recorded a total revenue inflow of N318.5 billion in...

Nigerian Sovereign Investment Authority invests $500m in infrastructure

The Nigeria Sovereign Investment Authority (NSIA) says it has invested over $500...

FG appoints management team for Nigeria Education Loans Fund

The Nigeria Education Loans Fund, an initiative of President Bola Tinubu took...

Subsidy removal: FG, 36 states, 779 LGs shared jumbo N10.14trn in 2023, says NEITI

The three tiers of government – Federal, state, and local governments –...

Tinubu Appoints FCT Civil Service Commission Chair, 10 Permanent Secretaries

President Bola Tinubu has approved the appointments of the Head of the...

Alleged N178bln debt: Reps dismiss petition against NPA, laud Bello-Koko, NPA 

A petition alleging that Mr. Bello Koko, the Managing Director of the...

$800m rehabilitation funds for Nigerian ports almost ready – FG

The Minister of Marine and Blue Economy, Mr. Gboyega Oyetola, has said...

Presidential Villa, EFCC, FIRS, 83 other MDAs risk total blackout over N47.1bln electricity debt

The Abuja Electricity Distribution Plc (AEDC) has threatened to disconnect the electricity...

FG appoints CEOs, board chairpersons for NAFDAC, NCDC, PCN, others

In furtherance of his determination to bring world class standards to the...

FCTA Disburses N4.8bln to Six Area Councils, Other Stakeholders

The Federal Capital Territory Administration (FCTA) has disbursed N4.8 billion to the...

Salary arrears: FCTA approves N7bln for primary school teachers

The Federal Capital Territory Administration (FCTA) says it has approved N7 billion...

Kidnappings in FCT: Tinubu approves immediate purchase of digital tracking equipment

The Minister of the Federal Capital Territory (FCT), Mr. Nyesom Wike, says...

Trade facilitation: Lekki Deep Sea Port berths largest container vessel on Nigerian waters

In its determination and commitment to notch up trade facilitation, the Nigerian...

NCC halts plan to bar Glo subscribers from calling MTN lines

The Nigerian Communications Commission (NCC) has backtracked on its plan to bar...

FCT minister directs security agencies to rid Abuja of street light vandals

Amid rising insecurity in Nigeria’s seat of power, the Minister of the...

Tinubu announces Executive Director, Governing Council for Midstream and Downstream Gas Infrastructure Fund

President Bola Tinubu has appointed an Executive Director and a Governing Council...

Tinubu sacks FCCPC, BPE CEOs

President Bola Tinubu has dismissed the Executive Vice-Chairman/CEO of the Federal Competition...

Pres. Tinubu appoints Executive Directors for NPA, NIMASA

President Bola Tinubu has approved the appointments of new Executive Directors for...

Financial impropriety: Pres. Tinubu suspends Ms Halima Sheu, CEO of NSIA, barely three months in office

Barely three months in office, Ms Halima Shehu, the Chief Executive Officer...