Nigeria is getting out of recession

Minister of Information and Culture, Alhaji Lai Mohammed, said on Saturday that Nigeria was gradually moving out of recession. Mohammed, represented by the Managing Director of the News Agency of Nigeria (NAN), Mr Bayo Onanuga, made the assertion at the biennial convention of the Nigerian Guild of Editors in Lagos

. Minister for Information, Culture and National Orientation. Alhaji Lai Mohammed departing with some documents after a closed door parley with President Muhammadu Buhari at the Presidential Villa, Abuja. Photo by Abayomi Adeshida He said that 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. Mohammed said that the Buhari administration and collective will of Nigerians had shamed doomsday prediction that our recession could worsen into a depression. “ I hope, in our various media, we shall begin to focus more on the positive developments in our economy, the growth in agriculture and mineral development, since the NBS last year, let out the secret that the Nigerian economy recorded a negative growth in the first quarter of 2016, “ he said. The minister said that recession was not peculiar to the country. He said that the United States of America had experienced 47 recessions, some regressing into depressions. “ Between 1980 and 2007 alone, the American economy experienced five recessions. The last one in 2007 was caused by the subprime mortgage crisis and led to the collapse of the US housing bubble,” he said. Mohammed urged the media to stop the blame game and educate Nigerians on the efforts being made to end recession. “ Informing the people that the government is working hard to end the recession will go a long way to give hope to the people. “After all, it is said that ”if you keep hope alive, it will keep you alive” the minister said.

Comments

China positive about US negotiation remark on North Korea

China said on Thursday it was positive that the United States is open to resolving tensions over North Korea through talks. Foreign Ministry spokesman Geng Shuang made the comment at a regular news briefing in Beijing. The Trump administration said on Wednesday it aimed to push North Korea into dismantling its nuclear and missile programs through tougher international sanctions and diplomatic pressure, and remained open to negotiations to bring that about. NAN reports that the U.S. stance, which appeared to signal a willingness to exhaust non-military avenues inspite of repeated warnings that “all options are on the table,” came in a statement following an unusual White House-hosted briefing for the entire U.S. Senate followed by a briefing to the House of Representatives. The statement from Secretary of State Rex Tillerson, Defence Secretary Jim Mattis and Director of National Intelligence Dan Coats described North Korea as “an urgent national security threat and top foreign policy

www.bountifullink.blogspot.com»

I’m different from young artistes – Majek Fashek

Since his return to the Nigerian music scene, veteran reggae maestro, Majek Fashek, has been on a conscious mission to once again stamp his feet on the music space, reclaiming his throne as the only musician in the world who can draw rain with his music fic. In a recent interview with HIPTV, the rain maker, as he is fondly called, claimed there is a cut clear difference between the quality of sound and music he makes and that of young artistes. According to Majek, “I make sound while all these young musicians make jam, I make good sound but they are always jamming, they don’t make good sound, they just jam. My song ‘Send down the rain’ was made over thirty years ago, but if you listen to it today, you will realize that the sound will appeal to both the old and equally the young ones because the sound is good and still relevant today, that is something the young musicians don’t have.” In a one-on-one chat with E-Daily , Majek explained that his statement in the inter

www.bountifullink.blogspot.com»

North Korea accuses CIA of plot to assassinate Kim Jong-Un

North Korea on Friday accused the CIA of plotting with South Korea to assassinate leader Kim Jong-Un, amid soaring tensions in the flashpoint region. The CIA and Seoul’s Intelligence Services have “hatched a vicious plot” involving unspecified “biochemical substances” to kill the hermit state’s young leader during public ceremonial events in Pyongyang, the Ministry of State Security said. For the CIA “assassination by use of biochemical substances including radioactive substance and nano poisonous substance is the best method that does not require access to the target, their lethal results will appear after six or twelve months,” the Ministry said in a statement carried by state media. The accusation comes as Pyongyang issues increasingly belligerent rhetoric in a tense stand off with the administration of US President Donald Trump over its rogue weapons programme The war of words between the West and the reclusive regime has spiked in recent weeks, and Pyongyang has threatened to ca

www. bountifullink.blogspot.com

Search This Blog