Nigeria’s economy doing well compared to others – Lai Mohammed

Minister of information and culture, Lai Mohammed, says the Nigerian economy is doing well compared with the economies of South Africa, Russia and other countries in recession.

Mohammed said the recession is inevitable due to the global collapse in oil prices occasioned by the coronavirus pandemic.

The minister spoke while fielding questions from newsmen on Wednesday.

The national bureau of statistics, in its report for third quarter of 2020 released had said the GDP, which is the broadest measure of economic prosperity, fell by 3.62 per cent in the three months up till September.

But speaking today, the minister said the government is optimistic that with its intervention measures, the recession will be short-lived.