Minister of information

How Nigeria Exited Recession – Lai Mohammed

According to Premium Times, Mr. 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 Minister identified the following amongst others:

  • strong growth in agriculture and solid minerals sector;
  • reversal in the previous contraction of the manufacturing and construction sector;
  • decline in inflationary rate;
  • positive foreign trade with rise in export and decrease in import;
  • increased foreign investment and capital inflows…
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