Minister of Information and Culture, Alhaji Lai Mohammed, has assured that standard of living of Nigerians will improve as the country exited recession.
The Minister gave the assurance on Friday in Abuja when he received Broadcast Media Editors in his office.
He urged well-meaning Nigerians not to listen to pessimists, who were downplaying the significance of exiting recession and classifying it as mere statistics.
He said that people should not be worried why getting out of recession had not led to an immediate reduction in food prices.
The minister explained that “an economy that is just coming out of recession is like a man who is just recovering from an illness.
“It takes a little time for him to start doing the ‘big’ things he used to do prior to falling sick. He has to fully recover.”
He said that the present administration would sustain and build on what it did to get the economy out of recession through sustained policy interventions in various sectors.
Specifically, he said the government would continue to
stimulate local production of staples, using initiatives like the Anchor Borrowers Programme and the Presidential Initiative on Fertilizer.
He assured that improvement in power generation, which had increased from 2, 690MW to over 6, 000MW, would be accelerated. (NAN)
