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Our recession won’t last- Lai Mohammed

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The Minister of Information and Culture, Lai Mohammed, has said that the Federal government is confident that with the intervention policies, with the fiscal and monetary interventions have been put in place, the current economic recession will be short-lived.

The National Bureau of Statistics, NBS had two days ago said that Nigeria’s economy has slipped into another recession, the second time since 2016.

Speaking during an interview with NTA today November 25, Mohammed said the recession is inevitable due to the global collapse in oil prices occasioned by the coronavirus pandemic. He said other countries like Finland, Hungary, Spain, and others have gone into recession due to the fall in the price of crude oil worldwide.

“It is true we are in a recession. Recession comes when a country records two consecutive quarters of negative growths. But we must go beyond that to understand that despite that, our economy is still very well in circumstances.

The main reason why we have entered into this recession is the oil sector. The oil sector recorded -13.89% and that is the worst in 14 quarters. Of course, it is easy to understand why; with the pandemic, there is low demand for oil…but when you look at the non-oil sector which is about -2.51 % in Q3, it is far better than what it was in the Q2.

Overall, yes, we are in a recession and it is inevitable but while our Q2 result was -6.1%, South Africa was -50% and as we speak today, Finland, Hungary, Spain, Mexico, Russia, Romania, Belgium, Austria have all fallen into recession.

But we are very confident that with the intervention policies, with the fiscal and monetary interventions the government has put in place, the recession will be short-lived.” he said

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Happy New Year 2021!

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Happy new year our highly esteemed reader! We wish you a very productive year 2021. We heartily thank you for trusting us to Lead you in the past years and we look forward to helping you to find the truths this year. We are the Lead Express.

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CAN Announces Death of NCGF President

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Prof. Adisa



The Christian Association of Nigeria, CAN, has announced the death of one of its own, the President of the Nigeria Christian Graduates Fellowship, NCGF, Prof. Charles Adisa.
In a statement made available to the media today and signed by CAN President, Rev. Samson Ayokunle,Prof. Adisa will be greatly missed by CAN as he will always be remembered for his contributions to the Christian fight for the restoration of the teaching of the Christian Religious Knowledge in public schools, the fight against the controversial RUGA settlements, the Companies and Allied Matters Act, CAMA, and the federal government’s lopsided appointments.

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Bishop Emeritus of Orlu is dead

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The Bishop Emeritus of the Orlu Catholic Diocese in Imo State, the Most Rev. Gregory Ochiagha, is dead.

This was made known in a statement from the Secretariat of the Orlu Catholic Diocese.

According to the statement which was made available to Lead Express, Rev. Ochiagha died at the Annunciation Hospital in Enugu where he had gone for a medical check-up.

Aged 88, Bishop Ochiagha (rtd) had, for sometime, been battling with minor health issues associated with old age.

He hailed from Mbano in Imo State.

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