The Muhammadu Buhari administration is making a steady progress in the revamping of the economy, tackling insecurity and making headway in the fight against corruption.
Minister of Information and Culture, Lai Mohammed, made this assertion on Saturday at a town hall meeting with the staff of the Nigerian Embassy in Madrid, Spain.
Also present were some Nigerians resident in the country.
He said the negative impression being created about the situation in the country in the social media was far from the reality in the country.
He therefore asked Nigerians to ignore the negative reports, stressing that Nigeria was doing well.
According to him, authentic information on Nigeria could be got with a download of the FGN-iAPP.
”Don’t believe everything you read on the Social Media. Nigeria is neither at war nor in crisis.
”Contrary to what you may be reading on the Internet, the Buhari Administration is putting Nigeria on a solid footing, after the years that were eaten by the locust.”
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According to a statement issued by his media aide, Segun Adeyemi, Mohammed said the achievements of the Muhammadu Buhari’s administration would be well appreciated if the poor state of the economy it inherited was considered.
Mohammed said the government had improved in the areas of agriculture, job creation, security and particularly, economy, among other areas.
”Today, the trend is being reversed, and the results are showing: Foreign reserves is now $42.8b, the highest level in four years, inflation has fallen for 12 consecutive months to 15.13%, 108 billion Naira has been saved from removal of maintenance fees payable to banks before Treasury Single Account (TSA), the nation is being saved 24.7 billion Naira monthly with the full implementation of the TSA and the elimination of ghost workers has saved the nation 120 billion Naira.
”With improved macro-economic conditions, capital inflow is on the upswing, reaching $1.8 billion in the second quarter of 2017, which is almost double the $908 million in the first quarter; Nigeria’s stock market is one of the best-performing in the world, delivering returns in excess of 40 per cent; Nigeria jumped 24 places on the World Bank’s Ease of Doing Business ranking, and earned a place on the List of Top 10 Reformers in the world,” he said.
