How Nigeria will dance out of recession in “few weeks” — Lai Mohammed

The Minister of Information and Culture, Lai Mohammed, said on Saturday that Nigeria was gradually moving out of recession.

Mr. Mohammed, represented by the Managing Director of the News Agency of Nigeria (NAN), Bayo Onanuga, made the assertion at the biennial convention of the Nigerian Guild of Editors in Lagos.

He said going by a recent statement by the Central Bank Governor, the country would exit recession by the end of June.

“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.