OKDnigeria:
The Federal Government has stated that the country would soon bounce back as the largest economy as been holding the position until South Africa displaced her.

Using the Gross Domestic Product at the end of 2015, published by the International Monetary Fund, the size of South Africa’s economy was $301bn, while Nigeria’s GDP was $296bn


The Minister of Budget and National Planning, Senator Udo Udoma, while speaking shortly after receiving the report of the three-day pre-summit workshop from the Infrastructure Public Private Partnership Summit Group, said the country would bounce back in no distant time.


Udoma called on Nigerians to stop bemoaning the lost glory but rather put all hands on deck to support the government in achieving economic development.

He said, “We are determined to turn this economy around and stimulate private sector investments. Losing our position as the biggest economy in Africa should in some way inspire us to work even harder. Sometimes when you are number two, you are actually more motivated to work hard and we should see it as something that should motivate all of us to work harder.”


http://dailypost.ng/2016/08/19/nigeria-will-soon-overtake-south-africa-largest-economy-africa-fg/

OKDnigeria:
The Federal Government has stated that the country would soon bounce back as the largest economy as been holding the position until South Africa displaced her.

Using the Gross Domestic Product at the end of 2015, published by the International Monetary Fund, the size of South Africa’s economy was $301bn, while Nigeria’s GDP was $296bn


The Minister of Budget and National Planning, Senator Udo Udoma, while speaking shortly after receiving the report of the three-day pre-summit workshop from the Infrastructure Public Private Partnership Summit Group, said the country would bounce back in no distant time.


Udoma called on Nigerians to stop bemoaning the lost glory but rather put all hands on deck to support the government in achieving economic development.

He said, “We are determined to turn this economy around and stimulate private sector investments. Losing our position as the biggest economy in Africa should in some way inspire us to work even harder. Sometimes when you are number two, you are actually more motivated to work hard and we should see it as something that should motivate all of us to work harder.”
Good dream


http://dailypost.ng/2016/08/19/nigeria-will-soon-overtake-south-africa-largest-economy-africa-fg/

KnowAll:
True that we would soon overtake them if we have not already. Because what u pay for petrol at December 2015 is not what u pay now. So despite devaluation the Naira generated into d coffers of government is more than what it was in December 2015.

I remember my pastor David Oyedopo said something that made me start thinking, he said his church was richer, more resourceful now that d exchange rate was 1 to 160 then than when it was 1 to 1 in the d early 1980's.

So devaluation is not d end of d world.

ConqueredWest:
Failures who couldn't maintain the position Jonathan kept us

Afonjas good morning

Jirate:

Very very Useless.

k nowAll:
True that we would soon overtake them if we have not already. Because what u pay for petrol at December 2015 is not what u pay now. So despite devaluation the Naira generated into d coffers of government is more than what it was in December 2015.

I remember my pastor David Oyedopo said something that made me start thinking, he said his church was richer, more resourceful now that d exchange rate was 1 to 160 then than when it was 1 to 1 in the d early 1980's.

So devaluation is not d end of d world.

If I call u mumu now, dem go ban me. angry

Adaure4ever:
Useless govt.

Quakertellicus1:


GEJ's economy was a false growth economy...based on oil prices that were high as $110per barrel from 2011-14.

Oil prices started dropping by mid 2014...and by 2015....they had fallen to below 40 dollars.

If GEJ had won in 2015....you would have been blaming him for failing the economy(or alleging sabotage by the Afonjas and the Alimis).

If oil had gone up to $110 per barrel now....you would be praising PMB.(or alleging that the Afonjas and Alimis sabotaged the economy to stop GEJ from being reelected in 2015).

Fact is.....resource dependent economies are only as good as the price of the resource they live on.Once the price falls...the economy falls...which is what is happening now (and which is what happened from 1982-2003...and would have happened in the 1970's....if oil had not gone up in price then).

Sorry....but you do not want real economic development. You think that the economy is an unlimited ATM from which you can draw money from...without any thought of where it comes from. That is how resource dependent nations think...and that is how they get into debt and into the clutches of the IMF and world bank.

PMB must work to make Nigeria free from oil That is how I would be judging him...by seeing how much he spends on power and transport. If he fails....out he goes in 2019.Nigeria cannot continue depending on oil...which we do not control.