₦airaland Forum

The President Muhammadu Buhari-led Federal Government has assured that as Nigeria’s economy continues to improve, prices of food items will soon “tumble.”

Minister of Information and Culture, Lai Mohammed said Nigerians will soon begin to feel the impact of the country’s improved economy in their daily lives.

Speaking in Lagos, Mohammed highlighted how the Federal Government has being making efforts towards ensuring that the country’s economy continues to improve.

Mohammed said with programmes like Economic Recovery and Growth Plan, ERGP, Presidential Enabling Business Environment Council, PEBEC, Buhari is determined to put the country’s economy on a winning path.

The Minister insisted that the current administration will not “relent in its determined effort to usher in a new dawn for Nigeria. We are winning the battle to revive the economy.”

Mohammed in a statement said, “Good afternoon gentlemen and thank you for, once again, honouring our invitation. This is the second time we are meeting in about one and a half months. Recall that when we met on Sept. 17th 2017, at this same venue, we promised that the next meeting won’t be long. Today, we are living true to our promise.

“Our last meeting dwelt exclusively on the menace of IPOB. Today, it is about the economy! As you are very much aware, this administration’s contract with Nigerians sits on a tripod: The fight against corruption, Tackling insecurity and reviving the economy. Even our worst critics acknowledge the progress we have made in fighting corruption and tackling insecurity. But one area in which they have consistently criticised us is the economy. Right from the inception of this Administration, we chose the path of seeking a lasting solution to the economic crisis plaguing the nation instead of engaging in a quick fix that may attract accolades but will not endure. We chose to be painstaking instead of engaging in palliatives.

“Gentlemen, I am happy to inform you today that we are winning! Our well-thought-out policy, encapsulated in the Administration’s Economic Recovery and Growth Plan (ERGP), launched on April 5th 2017, is working and the results are beginning to show. In September, we exited recession and returned to the path of growth, after five consecutive quarters of contraction. As we said then, taking Nigeria out of recession did not happen by accident. It was the culmination of months of hard work by the administration and fidelity to its well-articulated economic policies.

“To show that taking Nigeria out of recession was not a fluke, less than two months later, precisely 31st Oct. 2017, Nigerians got another good news: The country has moved up 24 places, to 145th, in the World Bank’s ‘Doing Business’ report. Not only that, for the first time the country is recognized as one of the top 10 most improved economies in the world. This is phenomenal. More importantly, it is the direct result of a well-articulated policy by this Administration.

“Dr. Jumoke Oduwole, the Secretary to the Presidential Enabling Business Environment Council (PEBEC) and the Coordinator of the Enabling Business Environment Secretariat (EBES), which implements the PEBEC’s reform agenda, will give details of how Nigeria achieved that feat and what remains to be done to ensure even a better result in the months ahead.

“But let me say this: Shortly after its establishment by President Muhammadu Buhari in 2016, PEBEC, which is chaired by the Vice President, took a significant step towards making it easier for Micro, Small and Medium Enterprises (MSMEs) to do business in Nigeria. How did it do to that, you may ask? PEBEC approved a 60-Day National Action Plan on the Ease of Doing Business with clear deliverables and timelines for the Ministries, Departments and Agencies (MDAs) responsible for implementing each line item in the Plan.

“Remember that MSMEs, which account for almost half of Nigeria’s Gross Domestic Product (GDP), play a key role in the Nigerian economy and employ over 80 percent of the country’s labour force. Therefore, we look up to these enterprises to provide the endless possibilities for Nigeria’s economic growth. We now for sure that if the MSMEs blossom, Nigeria’s economy will thrive. This is what PEBEC set out to do, and the result is what you are seeing. Lest I forget, we even surpassed our target. We had hoped to move up 20 places. We beat that by four more to move up 24 places. And as Dr. Oduwole will soon tellyou, the best is yet to come. In the words of Vice President Osinbajo,”improving the business environment is at the heart of the Buhari Administration’s reform agenda. We are reinforcing our economic turnaround by implementing the Economic Recovery and Growth Plan (ERGP) so businesses operating in Nigeria can thrive and be competitive globally.”

“The good news in the area of the economy continues. As part of the Administration’s efforts to improve Nigeria’s tax to GDP ratio, which currently sits at a paltry 6% – one of the lowest in the world – the Administration has launched what is called the Nigerian Voluntary Asset and Income Declaration Scheme, or VAIDS. This provides a time-bound opportunity for taxpayers to regularize their tax statusrelating to previous tax periods and pay any taxes due. In exchange for fully and honestly declaring previously undisclosed assets and income, taxpayers will benefit from forgiveness of overdue interest and penalties, and the assurance of not facing criminal prosecution for tax offences or tax investigations. As of 31st Oct. 2017, VAIDS has raked in over 200 million Naira and 55 million US dollars.

“Then, of course, there are the usual indices: For 8th consecutive months, headline inflation has been falling; the foreign exchange reserves are up to $34 billion, from $24 billion a year ago; oil production is at nearly 2 million barrels per day, a significant improvement from 2016 when it was mostly below a million; the value of the Naira in the parallel market has appreciated significantly inrecent times against the US dollar, and that at about 1.8 billiondollars, the capital inflows in the second quarter of 2017 were almost double the $908 million in the first quarter.

“Gentlemen, we can go on and on in reeling out the good news. But the bottom line is that as things continue to improve, Nigerians will begin to feel the impact in their daily lives. With the ongoing massive infrastructural development, especially in roads, railways and power, Nigerians will begin to get a new lease on life. Food prices will tumble. Businesses will thrive. More jobs will be created.

“This Administration will not relent in its determined effort to usher in a new dawn for Nigeria. We are winning the battle to revive the economy. We are fighting corruption like never before. We are tackling insecurity with a renewed vigour. While the naysayers, who are obviously in the minority, persist in their pastime of acting as a distraction, discerning and well-meaning Nigerians will continue to appreciate and encourage the good work of our Administration.

“Let me round off this address by once again commending Nigerians for their perseverance. Reviving the economy was never going to be an easy task. It was bound to bring some hardship to our people in the short term. Through it all, the good people of Nigeria have borne the pains with equanimity, based on their unshakable trust in the sincerity, capability and commitment of President Buhari. Now, the soothing balm is here. As the results of the government’s fidelity to its well-articulated economic policies trickle in, one thing is sure: This time around, it will be long-lasting.”

http://www.mcebisco.com.ng/2017/11/buhari-is-improving-nigerias-economy.html

LIAR MOHAMMED LYING AS USUAL.

Lai Mohammed!!!!


The mouth that whenever it opens, you are not sure whether the outcoming words are the real truth or lies garnished with lots of spices and salt.

"Even our worst critics acknowledge the progress we have made in fighting corruption and tackling insecurity"
Somebody help me, I cannot withstand this lie.

Fellow Nigerians, I want you to accept this fact from me; that lying is a profession in Nigeria. And if you are doubting, I have Lai Muhammad as a witness.

Useless man.
I hate him don't just no why

Useless man.
This are sum of the idiot misleading Buhari.
I hate him don't just no why

This man will end up in hell fire for his perpetual lie's.Lie Mohammad.

Lie lie man

liar Muhammad

lol...

where are the food prices crashing to?



your policies quadrupled price of goods...

now they are double what Nigerians used to pay (simply because most can't afford them in the quantities they were used to)...


but you want Nigerians to clap for you?


lol...

[/b]"Minister of Information and Culture, Lai Mohammed said Nigerians will soon begin to feel the impact of the country’s improved economy in their daily lives."[b]
Voodoo economics.Lai-Lying-Liar Muhammed is really hell-bound with this degree of his lies.No redemption for this man again.

Criminal and liar zombies will believe you

I never knew that telling lies could earn someone a good livelihood in Nigeria until i discovered this shameless old pig.... kwantinue Mr lnformation of lies.. I like your job

LYING MOHAMMED LIAR U RE LIAR U WILL AWAYS BE JELLOF RICE EATER FROM SENEGAL I WONDER WHAT WILL BECOME OF U AFTER 2019

FADA Lawd! How does this man sleep at night?

Oh! Lying Mohammed! Welcome from Hell. How was your training there. We were not expecting you until you 2018 when APC would need your lies badly.

A well cultured liar.
Who skyrocketed the prizes in the first place ?

One thing is pretty sure, which will never fail. President Buhari will still be the president of Nigeria in 2019. Any other things, i don't know.

The Almighty has given us enough patient with looters, now he will surely gave us the patient to bear the rightful things Buhari will achieve and make the country good.

God Bless Nigeria✔

Oledia:
"Even our worst critics acknowledge the progress we have made in fighting corruption and tackling insecurity"
Somebody help me, I cannot withstand this lie.

Fellow Nigerians, I want you to accept this fact from me; that lying is a profession in Nigeria. And if you are doubting, I have Lai Muhammad as a witness.

He is not lying

KehnnyCares:
One thing is pretty sure, which will never fail. President Buhari will still be the president of Nigeria in 2019. Any other things, i don't know.

The Almighty has given us enough patient with looters, now he will surely gave us the patient to bear the rightful things Buhari will achieve and make the country good.

God Bless Nigeria✔

And you think you are making sense. not everyone is dumb .forget about this stale corruption , its about wellbeing of the people, not some fake saint''