The Minister of Information and Culture, Alhaji 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, Dr. 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.
“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.