The Economist, HSBC’s 2019 Prediction Based On Fake News – Lai Mohammed

Lai Mohammed, Minister of Information and Culture, has said that the prediction by HSBC and The Economists that President Muhammadu Buhari would lose the 2019 election was based on fake news.

He said this on Friday in Lagos during an advocacy visit to Channels Television to drum support for a national campaign against fake news.

“We have all read that the Intelligence Unit of the Economist said the PDP will defeat the ruling APC in 2019.

“We have also read that the international financial institution, HSBC, said Nigeria’s economic development will be stunted if President Buhari gets a second term.

“Let me state clearly that these reports are based on fake premises and, therefore, qualify as fake news.

“It is a psychological warfare by those who have been badly hit by our policies”.

The minister explained: “Our fight against corruption has meant that many financial institutions, especially banks, that fed fat on the proceeds of corruption are no longer able to do that.

“Also, international publications that used to feed fat on questionable supplements paid for by the Federal Government have seen a drastic reduction in such patronage, as the Administration cuts down on frivolous spending that was the order of the day in the past.

“Therefore, it is natural that these institutions and publications would not wish to see another term for this Administration.

“The truth, however, is that only the good people of Nigeria will determine who presides over the affairs of the country, not any bank or media establishment, irrespective of their influence or self importance”.

The minister said the government was not surprised and would not loose sleep over the predictions because the President Muhammadu Buhari’s administration is on course and delivering dividends of democracy to the people.

“The parents and wards of the 8.5 million school children, who are being fed every school day under our home-grown school feeding system, are feeling the impact of this Administration.

”The more than six million farmers, who have joined rice production since this Administration came on board, know what this government has done.

“Nigerians, who are enjoying more stable electricity after power production has more than doubled, know better.

“The 500,000 unemployed graduates who have benefitted from our N-Power programme know that these naysayers are only thinking about themselves. So we are not bothered,” he said.

The minister reiterated his position that fake news phenomenon would get worse as the 2019 general elections drew nearer.

He said fake news had become the only weapon left for naysayers to de-market the administration after failing to take them on issues of infrastructure, economy, fight against corruption, and agricultural development.

He therefore appealed to the media to drive the campaign against fake news because if left unchecked, it has the capacity to disrupt the peace and unity of the country.

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