Despite challenges, govt’s effort on economy having positive impact – Lai Mohammed

Minister of Information and Culture, Lai Mohammed [Photo: Daily Trust]
Minister of Information and Culture, Lai Mohammed [Photo: Daily Trust]

The Minister of Information and Culture, Lai Mohammed, says in spite all the challenges, the federal government is making very positive impact on the economy.

The minister stated this in Abuja on Friday when he received a delegation from the African Union Economic, Social and Cultural Council (AU-ECOSOC), led by its Nigerian representative, Tunji Asaolu.

According to the minister, the federal government is confident that very soon, the country will exit recession.

“As we all know for the fifth month consecutively, the inflation index has come down.

“For two quarters consecutively, the manufacturing sector has recorded positive growth.

“We have been able to add over seven billion dollars to our external reserve and 250 million dollars to Sovereign Wealth Fund,’’ he said.

The minister said that the government was committed to its avowed objectives of revamping the economy, making Nigeria safe and putting the nation on the path of probity.

Mr. Mohammed reaffirmed government’s commitment to protecting local creative talents and generating employment.

He said that the government would not be stampeded into abandoning its ongoing efforts to amend the Nigeria Broadcasting Code to ensure local production of programmes with Nigerian content.

He said those who deliberately twisted his comments to allege that the Federal Government would ban the shooting of films and music videos abroad were being mischievous.

“We will not be intimidated or stampeded by anybody,” he said.

The minister said the amendment of the code would also encourage people to invest in the establishment of world-class studios in Nigeria to ensure that producers got the same quality of work as obtained abroad.

“We are not going to export jobs to other countries and say our economy will grow.

“Most of the arguments which are being proffered, honestly, are unrealistic.

“One of them said where in Nigeria are we going to produce our music and our films when there are no studios.

“What they don’t understand is that nobody is going to invest in (building studios) in Nigeria if the law allows you to go and do the same thing outside Nigeria,” he said.

He said the Federal Government was consciously developing the Creative Industry in its renewed drive to diversify the economy away from oil.

The minister pledged the ministry’s support for the African Festival of Arts and Culture to be hosted in Nigeria in November.

Earlier, Mr. Asaolu said the AU was presently implementing Agenda 2063, which was a framework to promoting growth and social development in Africa.

“Out of this Agenda 2063, Aspiration No. 5 talked about Africa with strong cultural identity, common heritage, values and ethics.

“So, even this aspiration alone if you put it out to the market it can
solve the problems that we are facing in Africa,” he said.

The AU-ECOSOC, which is the AU’s platform for the Civil Society, used the opportunity of the courtesy visit to confer the Distinguished Fellowship of African Arts and Culture on the minister.

(NAN)


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  • Frank Bassey

    May this “positive impact” be your portion, now and always ….. AMEN

    • 0tile

      Positive impact should be verified, not a figment of his imagination.

      • progressive

        Clown is it not in this same country some few individual cart away 20 billion dollars you never said anything.

  • Econometrics2000

    @disqus_EkZWB7P0Qm:disqus

    The lies and lies of Lai Muhammed

    BUHARI’s government is becoming not
    so much bumbling as sickening. It is now a ceremonial presidency for
    photographs, tours and travels to London, and nothing else sensible. It would
    have been hilarious if it were not tragic that a presidency ushered in by
    wholly ignorant masses has proved irrelevant and worse than useless to be
    considered a solution to Nigeria’s existential crises as 28 million youths are
    officially recorded as un-employed today, and as Buhari’s ignorant rule shrank
    Nigeria’s national economy for the first time in 25 years
    ; collapsed aviation
    industry with only four airlines flying with two planes each, and with banks
    and manufacturing companies shuttering and retrenching thousands of workers,
    in response to Buhari’s mindless devaluation of the national currency by 64%;
    simultaneously with 62% hike in pump price of petrol – both of which shot
    inflation up by 17.1% and tripled costs of goods and services across the
    country over against stagnant wages, thus deepening poverty.

    • emmanuel

      I feel very sick when i hear inflation figures under 100%. If they like, let them tell us that inflation is single digit. The world knows the truth, it is slightly over 105%

      • progressive

        Bigot how would you want to listen when you all believe in your deceitful corruption. This government will not be distracted by your mischievous and callous statement on here

    • progressive

      The only thing you pdp e rats achieved was corruption but your pdp e rats never layed a good foundation down rather than been insultive on here

    • dpfrank

      Load of crap

    • front man

      Common stop all this trash of yours

  • emmanuel

    The Chief purveyor of fake news at it again. The original spin Doctor – Liar Mohammed.
    Your social media censor team should recommend you for a veryyyyy long jail term. You lie too much.
    We don nearly all die finish and you dey talk stories of positive for Niaja.
    Were you alive when the CBN and the Nigerian bankers told us this week, how grave the economy was and that inaction on the part of the FG through macro-economic intervention would spell doom soonest?
    Papa, respect your old age i beg!

    • NaijaMindOfChange

      Cheap data is making u loose ur senses…u re evil and enemy of progress

      • emmanuel

        If it was cheap, why was it difficult for you to renew your data plan over eight months. You think your changed moniker suppressed your identity?

    • progressive

      I know that you have any meaningful thing to talk about as lai Mohammed have said earlier those who twisted his statement needs to be careful because this government is a sincere government because it has all it takes to fulfil its promises.

    • dpfrank

      This present government is doing its best to make Nigeria economy great and if you can’t see it then you are blind.

      • dele20

        The difference is clear, this previous administration is incomparable to the previous corrupt one

    • front man

      Hypocrite

  • 0tile

    This man is very dishonest. Why can’t he give some credit to the boom in price of crude oil. Crude oil is now above $50 as a result Nigeria’s economy should be buoyant but instead Nigeria is mired in depression. Nigeria’s inflation rate hovering above 18% is unacceptable. This government is a total failure.

    • NaijaMindOfChange

      Apc government cannot be compare with life of criminals like d pdpigs

    • progressive

      It seems sometimes you dont read through what lai Mohammed said you just jump into conclusion it a pity that people like you dont know anything you need to look at the present and see what this government have been able to achieve compare to what your loots Jonathan did to this country

      • front man

        He won’t read because he was employed to rant trash

        • dele20

          Exactly my mind

      • dele20

        Those guys don’t use to read, all they do is to fulfill their paymasters by coming on line to say trash again HMIC.

        Everybody knows that Jonathan sucked Nigeria dry, we are still regretting upto now why voting him in the previous election.

    • dpfrank

      Hypocrite, you are expecting APC to perform total magic under low oil price but never criticized the PDP who achieved nothing under oil boom, how much is oil now to compare to how much it was doing the era of PDP?

      • woman leader1

        Don’t mind him, what previous government refused to do over the years.

        • dele20

          This administration is really working great

      • dele20

        This APC led administration needs to be commended for the positive impacts

    • woman leader1

      Shut up, why do you decided to throw your self away

    • front man

      Trash

    • SpeakOut

      Are you for real?, bro Nigerians are educated, there is no room for propaganda here, what this government has achieve in within two years your kleptomania leader were unable to achieve them.

    • dele20

      The man of honesty is the minister for information

  • NaijaMindOfChange

    U re a confused man and senseless..grow up and stop using the wrong for an honest man

    • front man

      He’s a confuse fellow

  • That’s what you pigs keep saying. You’re all pointless!

    • front man

      Just pointless

  • progressive

    Pdp e rats, as lai Mohammed have said earlier on the government will not be intimidate despite the mischevious elements that are out there.

    • front man

      Exactly

  • dpfrank

    Baseless accusation is the height of f00lishness

    • woman leader1

      Abi oo

  • woman leader1

    Are you not tired of this your ring tone. Nigeria is progressing and you are still there living in the past.

    • dele20

      It seems the guy is still sleeping

    • AryLoyds

      Stop spamming your mother, God will destroy your family !

      • woman leader1

        You are certainly talking to your self.

  • woman leader1

    Alhaji Lai Muhammad is just the best for this country, well done sir

    • dele20

      You are right, kudos to HMIC

  • woman leader1

    Nigeria will always stand

  • front man

    Kudos to this great man HMIC

  • front man

    Shut up scum

  • dele20

    Kudos to Federal Government for making positive impacts on our economy, this administration is really working great and unrelenting

  • dele20

    The rate at which federal government is making positive impacts on economy, it is certain that we will very soon exit recession

  • SpeakOut

    This federal government is keen to success, leading the nation to her limelight is their priority, God bless Nigeria.

    • dele20

      Amen

  • dele20

    Kudos to our minister for information, the voice of the masses

  • SpeakOut

    Reno and co and you are something else, you will never accept defeat yet you don’t want to support the success, what a pity.

    • AryLoyds

      Get a Job Animal !

  • dele20

    Nigeria will always stand

  • dele20

    You must be a Nigerian enemy of progress because all HMIC is doing is for the betterment of Nigeria

  • dele20

    HMIC is a man of honesty

  • Senator D

    Waiting for Nigeria to dance of this recession oooooo….

  • emmanuel

    Dele20,speak out, frontman, woman leader1, AryLoyds, dpfrank, progressive, made of more, one and same short brained character.
    As dull as Buhari and Liar your master.
    It is a shame, that Buhari assembled witches and wizards in this twenty first century to lead Nigeria into death. Imagine a troll working for a minister of information as media support person. Shame!

    • 0tile

      AryLoyds does not belong to the gang of Lai’s praise singers and touts. The leader of the gang is one wannabe lawyer Kay Soyemi. Very soon the fake lawyer will be upvoting his colleagues one by one.

      • emmanuel

        Noted!