Nigeria is Gradually Moving Out of recession-Lai

Nigeria's Minister of Information and Culture, Lai Mohammed, has on Saturday announced that Nigeria was gradually moving out of recession.

 He said, going by a recent statement by the central Bank's Governor, the Country would exit recession by the end of June 2017.

"There have been other pointers for the good news as well. For two consecutive months, the National Bureau of Statistics has also reported a fall in inflation rate.

"The exchange rate is regaining some sanity.

"As i said earlier, the worst appears to be over. We are clawing out of the woods of recession in weeks from now," the Minister said.