Nigeria discovers new oil - Minister

Alh. Lai Mohammed


Despite the current economic recession, Nigeria’s future is bright, as the country diversifies its economy away from oil, the Minister of Information and Culture, Alhaji Lai Mohammed, said in Lagos on Tuesday. Speaking at a ceremony to mark the 2016 World Tourism Day in Eko Atlantic, the city that is being built on reclaimed land on the Bar Beach, the Minister said there was no better testimony to Nigeria’s bright economic future than the new city.

‘’It takes an investor to have a great confidence in any economy before putting hundreds of millions of dollars into a city like this. Those who can see the bright stars in our horizon, beyond this temporary cloud of difficulties, are investing in the country even as we speak,’’ he said.

Mohammed said that as the Federal Government works day and night to pull Nigeria out of recession and put the country’s economy on the path of sustainable growth “It is becoming increasingly clear, like President Muhammadu Buhari has admonished, that we must think out of the box.

‘’We must find other sustainable means of earning foreign exchange outside of oil, to grow our country’s GDP and create jobs for our people. Agriculture and mining are viable options, but tourism is the low hanging fruit in this regard, and we must not hesitate to pluck it.’’

Read More at: New Telegraph


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