7 things GDP numbers tell us about Buhari’s reelection bid

February 12

by Mayowa Tijani

On Tuesday, the National Bureau of Statistics (NBS) released the gross domestic product (GDP) numbers, showing a 1.93 percent growth in the Nigerian economy for the year 2018.

Financial analysts, public commentators, local and foreign media, and opposition bigwigs have said repeatedly that President Muhammadu Buhari of the All Progressives Congress (APC) has done poorly with the revival of the economy.

Former president Olusegun Obasanjo, who is fiercely opposed to Buhari’s reelection, went as far as saying Buhari is weak on the economy, after over a year in economic recession.

Obasanjo added that a change of the current administration will birth “a government that will improve the economy, regain the confidence of investors and generally drive growth”.

TheCable reviews seven things the GDP numbers say about President Buhari and his re-election bid.

1. BUHARI IS REVIVING AGRICULTURE — FOR REAL

Buhari and Emefiele

President Buhari promised to revive agriculture, and diversify the Nigerian economy. His government, in partnership with the Central Bank of Nigeria (CBN) launched the Anchor’s Borrowers Programme (ABP) to empower smallholder farmers in the country.

The GDP numbers show that Buhari’s plan in agricuture has been working — beyond the rhetoric, as agriculture now contributes over three times more to the Nigerian economy, than oil does.

“Four activities make up the Agricultural sector: Crop Production, Livestock, Forestry and Fishing. sector grew by 18.58% year-on-year in nominal terms in Q4 2018, showing an increase of 8.45% points from the same quarter of 2017,” the NBS report read.

“Crop Production remains the major driver of the sector, accounting for 89.84% of nominal agriculture GDP. On an annual basis, agriculture GDP grew by 14.27%, higher than 11.29% recorded in 2017, The sector contributed 23.08% to nominal GDP in Q4 2018 , which is higher than its contribution in Q4 2017”.

There are evidence of growth in virtually every part of the agriculture sector, despite the floods recorded in the year under review.

2. BUHARI IS STILL ‘BABA GO SLOW’ — BUT STEADY
Buhari’s major economic policy document is the Economic Recovery and Growth Plan (ERGP). The president and his team say they have remained committed to the plan, which they say will make Nigeria grow again.

According to the plan, and 2018 budget projections, the Buhari administration forecast that the economy would grow by 3.5 percent in 2018. But based on the GDP numbers released on Tuesday, the economy grew by a sluggish 1.93 percent.



On the economy, Buhari’s government has been delivering slow, but steady growth, since exiting recession in 2017.

3. NIGERIA STILL HAS AN OIL PRODUCTION PROBLEM
While Nigeria does not want to fixate its economic prosperity on oil and gas, Vice-President Yemi Osinbajo had made it clear that Nigeria needs oil money to get out of oil dependence.

As the country shifts to the non-oil sector, there is a need to make as much money as the country can make from oil to develop other sectors of the economy. But Nigeria is not making the most of oil.

“In the fourth quarter of 2018, average daily oil production stood at 1.91 million barrels per day (mbpd). This was lower than the 1.95 mbpd recorded in the same quarter of 2017, and 1.94mbpd in Q3 2018,” NBS estimates.

This is less than budgetary benchmarks of 2.3 million barrels per day projected by the Buhari administration, and less than production levels under previous governments.

Despite an increase in oil prices in 2018, Nigeria “recorded a real GDP growth rate of –1.62% (year-on-year) in Q4 2018, indicating a decline of –12.81% points relative to the growth rate recorded in the corresponding quarter of 2017”.

This highlights a production problem in the oil sector.

4. BUHARI’S TEAM DROPPING THE BALL ON MINING

Fayemi stepped down as minister in 2018

Following the appointment of Kayode Fayemi as the minister of mines and steel development, the Buhari admin made significant progress in mining across the country.

But the numbers show that there has been a drop in the reality of the sector.

“In real terms, the Mining and Quarrying sector grew by –1.23% in Q4 2018. This was lower than rate recorded in Q4 2017 (10.7%) but higher than the growth rate in Q3 2018 (-2.81%).

“The sector’s contribution to real GDP in Q4 2018 stood at 7.23%, slightly lower than its contribution of 7.49% recorded in Q4 2017 and the 9.53% recorded in the Q3 2018. The sector contributed 8.74% to total real GDP in 2018.”

5. MANUFACTURING IS BOOMING UNDER BUHARI
Buhari’s foreign exchange policy has been to limit what is being imported into Nigeria and increase what is being produced locally. With the support of the Central Bank of Nigeria, the government has been very strict on this.

The numbers show that Buhari’s plan is paying off, as Nigeria’s manufacturing sector seems to be booming.



“In the fourth quarter of 2018, nominal GDP growth for the Manufacturing sector was recorded at 33.57%, which is 24.37% points higher than the rate recorded in the corresponding period of 2017 (9.20%)”.

Buhari is pro-local manufacturing, and the numbers are on his side.

6.TELECOMMUNICATIONS GETTING BIGGER WITH BUHARI

Telecommunications has soared under the leadership of Umar Danbatta

“Telecommunications & Information Services under Information and Communication sector grew by 16.67% in Q4 2018 from 14.97% in Q3 2018 and -3.28% in Q4 2017,” the report read.

Nigeria’s telecoms sector is contributing immensely to the country’s gross domestic product, and has continued on an upward trend from third quarter 2017 to date.

7. NOLLYWOOD ISN’T DOING SO WELL WITH BUHARI
While the information and communications sector of the economy has been doing so well under Buhari, the section of it, which makes up a large part of Nollywood — Motion Pictures, Sound recording and Music production — has not been doing so well.

Its been a rough road with the Buhari administration: In Q2 2017, the sector shrank by 4.53 percent, and recorded growth of 1.02 percent by the end of the year, only to shrink by 2.29 percent by Q2 2018.

At the end of the year under review (2018), the sector grew 0.55 percent.

The same zig-zag growth and decline have been recorded in the broadcasting, arts, entertainment and recreation sectors of the economy.

Obasanjo may have said Buhari is weak with the economy, the incumbent may have said he has done well with the economy. But what do the numbers say to you?

https://www.thecable.ng/7-things-gdp-numbers-tell-us-about-buharis-reelection-bid

Buhari is good for Manufacturing.
Nigeria currently has the highest PMI - Manufacturing in the world with 59 points.

The PDP and wailers will hate this

MrAJQ:
The PDP and wailers will hate this

Of course, they will not like a news like this. They had their opportunity for 16 years to make Nigeria great, but unfortunately, they turned Nigeria into a failed state

SalamRushdie
ZombiePunisher

Other zombies come answer your call.

rusher14:
SalamRushdie
ZombiePunisher

Other zombies come answer your call.

They are waiting for their last dinner (alert) from Atiku before their bubble burst on Saturday..

If they missed their payment by Friday, Atiku will no longer pick their calls after the results must have been announced

deji17:


They are waiting for their last dinner (alert) from Atiku before their bubble burst on Saturday..

Those zombies are done for.

Their lies have run to an end and Buhari wins by a large margin.

They would disable their accounts once again.

rusher14:


Those zombies are don for.

Their lies have run to an end and Buhari wins by a large margin.

They would disable their accounts once again.

After this round of defeat, I hope they will look for a decent means of livelihood. They could embrace farming.
No food for a Lazy man.
Buhari is building a new generation of hardworking Nigerians, not the usual rent seeking way of the past

deji17:


After this round of defeat, I hope they will look for a decent means of livelihood. They could embrace farming.
No food for a Lazy man.
Buhari is building a new generation of hardworking Nigerians, not the usual rent seeking style of the past

How many heaps can Pa shukudi make?

He can be a good newspaper vendor though.

At least he go dey knack dem torey.

Just tell us who’s running Nigeria, we know it’s definitely not Buhari! Some people have milked Nigeria in Buhari’s name. Dude is lame duck in Aso Rock doing what he’s told, and he’s ready to do it again for 4 years if re-elected.

All these crap will end this Saturday!

rusher14:


How many heaps can Pa shukudi make?

He can be a good newspaper vendor though.

At least he go dey knack dem torey.

deji17:


Of course, they will not like the news like this. They had their opportunity for 16 years to make Nigeria great, but unfortunately, they turned Nigeria into a failed state

You are giving us a comparison from 2017, when we had better in 2011 - 2015... When the same pdp you accuse of 16 years non-work were in position.

That is absolutely senseless.

- Agriculture - Adesina was top notch, even recognised by the world. Even got a Nobel price on his performance, Where is the free fertilizers they once had or the wallet schemes that creates a direct relationship between the FG and farmers?

- GDP growth - if PDP gave us 7%, why celebrate 1.93%?

- Oil problem - do you know the cost of subsidizing petrol at $80 - $100. (It means fuel was supposed to sell at N362, but we paid N87)

- How do you say Manufacturing is booming when factories are shut (eg Procter and gamble ogun state).. if a $300m factory could shut down, what could be Said of smaller ones?

- communication?.... PDP brought in the GSM and improved tremendously on it, getting more subscribers is only a norm.

- Nollywood - it's good you accepted the truth on that.

What was the figure by May 2015 when PDP handed over? Can you provide that figure?

rusher14:


How many heaps can Pa shukudi make?

He can be a good newspaper vendor though.

At least he go dey knack dem torey.

@Mynd44, this is a front page material to educate voters.

Thank you and God bless.

7 things GDP numbers tell us about Buhari’s reelection bid

Interesting.

MrAJQ:
The PDP and wailers will hate this

That is true bro.
Good news is ALWAYS repulsive to the children of hate and perdition!
Bad news makes them jubilate and happy, and that bad and negative news will never depart from their lives.
No be curse, na FACT of life!

*Patriotic Nigerians Do not Waste time Arguing with Buhari Haters*

We are not talking about critics who are genuinely concerned about a better Nigeria,. You will know them because when they see good efforts of government they applaud.

But the others, the one who swore on their lives Buhari will never be president, the enemies of the nation, are the ones we are talking about. The following are their traits:

* They lie and mislead others with statements as 'I regret voting Buhari', etc a cliche they started using as early as few months into the Buhari government. To them it doesn't matter that the last government looted the treasury and Buhari met an empty treasury...they will say 'we voted him because he said he will change the nation in '3 months? (Don't bother to ask for proof, lying is their trademark)

* They are the one who swore on their father's head that Buhari died in Aso rock, and later in UK. Then they said the Buhari that returned to Nigeria is a clone (duplicate) and you still take cognizance of what comes out of these peoples mouth.

* They were the ones who said 8 years was not enough for OBJ, and 6 not enough for GEJ etc They are the arijenimadaru - beneficiaries of corruption. They are either the full time politicians, corrupt civil servants, journalists, bankers, fraudulent contractors, religious businessmen etc Its no longer business Aa usual, so they pretend that they are fighting for ordinary Nigerians!!

* When you remind them of how corruption in last government has ruined the nation....they ask you to stop talking about the past

* When you say Buhari is a man of integrity and his fighting corruption...they say his son has a power bike

* When Evans the kidnapper say something against Buhari, he becomes an hero. When you say their heroes and spokespersons lack integrity (IBB, OBJ, Fayose, FFK, Saraki, GEJ, etc)...then they say look at the message not the messenger (what meaningful words do the robber want to utter?)

*They are not interested in any development in Nigeria, if it means ascribing any success to PMB.

* Every good news of the nation brings them sadness, and they remain quiet until another bad news crops up

* If you tell them Buhari is building over 300 roads all over Nigeria, they say it is because of 2019.

* Tell them Buhari is developing the rail system all over Nigeria, they say it is not his initiative that Obasanjo and GEJ had plans to do it.

* Inform them about the agricultural revolution how Nigeria now produces its local food and has become a foremost world exporter of food, they say it is Obasanjo that started Operation feed the nation in the 70s (God have mercy!!!)

* When you say Buhari is working to completing abandoned projects, over 8000 nationwide (Mambila hydro power, Ajaokuta Steel Plant etc), they say it is because he has no program of his own.

* Refute their allegations that Buhari is tribalistic with how his ministerial cabinets now (and as military head of state) had more Christians than Muslims, and how powerful ministries were being run by southerners...they hold their breath and in the next statement still repeat the allegation (it is an obsession)

* They say Buhari is vindictive..., but no state or region has been denied their share of development projects irrespective of whether they support PMB government or not. He has taken 13b water project to Otuoke in GEJs village Bayelsa, N22b road to Atikus village in Adamawa, reconstruction of Lagos Abeokuta expressway to OBJs state, the 2nd Niger Bridge etc to the east, the massive investment and redevelopment of the Niger-Delta etc are part of the proof of PMBs fairness to all

* When the clampdown on corruption started, they said only southerners are being harassed, when Dasuki etc were arrested they say it is only PDP; when Saraki was taken to court they say it is because he is in opposition; when former governors and APC members were jailed (Dariye and Nyame ) they say it was PDP that started the probe..??

* When EFCC is investigating the massive investments and dollars accounts of Mrs Patience Jonathan, Alison Maduekwe etc.... they say it is political harassment and you should bring proof of corruption. But when they bring scandalously stupid allegations like Buhari has bought the national stadium etc and you ask for proof ....they say you are a fanatic.

* Tell them how the threats of IPOB, Niger Delta were curtailed, they say it is a clampdown on Igbo's and southerners; remind them of how the menace of El Zakyzaky and his Shiites group of the norths have been curbed.... they say it is coercion.

* Remind them how the dreaded Boko Haram has been chased away from the States that they use to control in the north and how normalcy is returning to those part of the country.... they will still refer to the occasional suicide bombings as proof that nothing is achieved.

Tell them how it has been impossible for even almighty US etc to totally stop suicide bombings ..... they retort 'are you now comparing this 'S**t nation to US' (Of course not, US do not have plenty bad belle-hypocrites as them as citizens)

* Tell them how herdsmen killings preceded PMB, and how many non Fulani herdsmen have been arrested by the army for killings, including a personal aide to Governor Ortom, and how since such arrests the killings have subside.... they still in the next statement like a broken record refer to Buhari as promoting herdsmen killers.

* Tell them about the resuscitation of the mambila project, the Ajaokuta steel project, etc, they say it is a lie

* Show them videos and pictures of ongoing development nationwide, they say its photo and video shop (??)

* Tell them how Buhari stopped the billion dollars fertiliser scam and how in its place 11 local fertiliser companies were revived resulting in Nigeria producing for its local needs...they say 'how does that translates to food for the common man?' (Kai ba sense?!!!)

* When Buhari agreed to pay 88billion compensation to Biafrans victims, granted autonomy to state judiciary, supports local government autonomy, recognised MKO and June 12 they say it is politics. (And like the daughter of our hero of democracy said, if Buhari does not play politics, should he play chemistry?)

* They say Nigeria don't want Buhari, and he will lose the election landslide, and they are writing abosi-hypocrirical letters that he should not contest (Do they want to save him from disgrace ni, abi what's there own? (Awon oni yeye : jesters all of them)

* To them the National Assembly members used to be all (APC) rogues, but now without doing any good thing but because they now oppose PMB they have become their heroes; from the clown Dino, to the Michael Jackson of Osun, the stupendously corrupt and wealthy Saraki, Mark, Dogara etc ( Its a case of show me your friend/hero/and I know what kind of person you are)

* Buhari has refused like previous governments to bribe legislators to do their duties, and since their dirty strategies is no longer working they have become a stumbling block to progress...the wailers will say if it was OBJ he would have dealt with them. (But if he had use any other means they will say he is undemocratic; two sided mouth people)

* If you call a thief by its name, they will say how can you be insulting an honourable, a distinguished senator, a former president who has fought poverty through farming etc, but
hear them when they refer to Mr president, 'the man is a m***n, he is brain dead, he is d*ft' etc.

But this man has proven to be better than them all, he has refused to respond to the tantrums of their bosses, the OBJs, IBB, etc Like a true soldier he marches on with the good works, and God has been his defense.

* When you show some of them the unparalleled efforts of this government in development compared to all the past governments, then you will hear....well he has tried but I still don't like him, he is too old, he is slow, he is unintelligent, he is not outspoken etc... (#%@€¥ Perfect human beings all of them mtchew)

This is the point where you will be able to confirm that these are people whose concern is not Nigeria's development. Whose problem with Buhari is not performance but personal hatred etc.

This is why nothing tangible will be achieved if you engage them in any developmental discussion, when their concern is wotowoto-pettiness.

Avoid arguments over Buhari's use of language, age etc, keep sending them the good news, project reports and achievements of government, and gradually you help bring them back to reality:

In conclusion let me quote their most used cliche:

" We have never had it so bad"

Yes by Gods grace this government will continue to be a thorn in the flesh of those who for their selfish interest do not want things to change in Nigeria

For the rest of good Nigerians, Buhari's time is our time, let us be steadfast in support of our national . It will forever be good for us all.

can't wait to celebrate baba Daura victory on Sunday evening. Atiaku Frimpong El Cameroonian go cry this Sunday evening

The world is laughing at us. We like good economy.
We want steady and constant power supply, we want jobs, we want food on our table, we desire good infrastructure and security but at the same time could not exercise patience for a willing government that is sincerely laying the foundation for all these to happen.
They brainwashed you with "hunger in the land" slogan. They said 20million Nigerians lost jobs.
Majority of those people who they said lost their jobs were construction company workers whose contract monies were diverted and could not continue as at the time PMB took over.
With resumption of roads construction, rail construction, 2nd Niger Bridge, why are they not sincere to tell us how many Nigerians have been engaged?
They tell us bankers lost jobs, who liquidated those banks?
Did PMB or Osinbajo take loan from these banks?
Who killed Cooperative bank?
Who killed Societè Generale?
Who killed Enterprise bank?
Who killed Intercontinental? Who killed Skye bank? Some of them took loans ranging from 10billion and above and refused to pay back.
The banks folded up and you hear them shamelessly saying Buhari made Nigerians lose their jobs.
Since inception Buhari didn't sack anybody.
In fact he employed more graduates and junior level officers into the civil/public service.
He didn't owe salary.
By 28 of every month all federal workers receive salaries.
Because you are not well informed you sink their lies. They say Buhari plan to Islamize Nigeria. How possible? Even Military government cannot dare it. Nigeria is a secular State. They use our Christian leaders to brainwash us because we have no sense of history.
In 1999-2001 you recall the religious riot in kaduna.
I was in Kaduna then, many Christians were massacred. Obj was president then. Between 2000-2007 you recall the Fulani herders -farmers/locals crises in plateau State that led to declaration of state of emergency in plateau State.
Who was president then? Obj and not PMB.
Do you know that in Benue State farmer -fulani herdsmen had been at each other's throat since the military era? These kind of unhealthy political intrigues can only thrive in Nigeria where people have no sense of history or some people just want to deceive themselves.
Those who plunged us into the den of hunger, job loss, darkness, decay infrastructure, insecurity and poor education are posing as messiah, they killed our university system for their own to thrive.
It is only in Nigeria where a sitting president and his vice would approve for themselves, while in office, the licence to build universities. It is only in Nigeria where a president would abandon construction of National library and build multi billion naira presidential library in his hilltop mansion and the youths whose future is mortgaged will be clapping for them.
Resources that are meant for all were carted away yet you are here crucifying a man that is 'righting the wrongs' haba!
GOD BLESS NIGERIA.

Read what Prof. Tam David West had to say about Gen. Buhari, unbelievable.
¤ Buhari is one of the cleanest men I have ever met in my life. If anybody wants me to dislike Buhari, such person should give me an example of his corruption. I will run away from him totally. But right now, there is no evidence. On the contrary, the more they attack him on this issue of corruption, the more they are making him honourable.

¤ I will give two examples:
¤ One, Babangida thought Buhari was making a lot of money on counter trading, so he set up two independent bodies to investigate counter trading.

¤ One of the bodies was headed by J.K. Randle, while the second was headed by Prof. Aboyade of blessed memory. None of them found anything against Buhari. None. I attested before the two bodies.

¤ Great Aboyade commission was digging into Buhari’s counter trading, J.K. Randle, who’s still alive, did the same thing.
¤ But both of them produced reports that showed that counter trading was so clean and was making so much money for Nigeria.

¤ Then two, soon after Obasanjo was sworn in, there was a social function for him in Lagos or so, then surprisingly, some people tried to praise Buhari, Obasanjo said: ‘don’t praise him, I have not probed him.’ It was after that incident that Obasanjo set up Dr. Haroun’s probe panel of the Petroleum Trust Fund (PTF).
¤ Haroun probed PTF inside out. Buhari was discovered to be as clean as snow.

¤ You know, why he agreed to be the head of PTF was not to condone what Abacha was doing then, but he saw it as a way of serving the country and he did well. I have the record.

¤ Haroun came out and said PTF account was audited every year while Federal Government account was not audited in 36 years.

¤ You know Babangida detained Buhari for 40 months after he overthrew him.
¤ Buhari’s mother died while he was in detention and as a Muslim, I expected Babangida to rise above politics and allow Buhari to go bury his mother. If he was released, I am sure he wouldn’t have run away.
¤ Buhari was not allowed to go bury his mother. But in the night after the woman was buried, Babangida released Buhari.

¤ His son died, the same thing happened.
¤ Anyway, after Buhari came out of detention, he told Babangida to tell the world about his corruption. The records are there.
¤ The same thing happened with the PTF. He told Obasanjo to publish the report of the panel, but Obasanjo could not publish it because it was a certificate of honour for Buhari. If that Haroun’s report had any page in it that indicted Buhari, Obasanjo would have used that to disqualify Buhari from contesting against him.
¤ Buhari is clean. He is not corrupt.

¤ To show how Buhari loves Nigeria, he doesn’t like spending Nigerian money frivolously. When Shehu Shagari’s NPN government was overthrown, as Buhari was assigned to head the Military government of 1983, he never changed any chair or curtain in Dodan Barracks. Buhari used what Shagari was using until his government was also overthrown by IBB and co.

¤ As minister, our total pocket money under Buhari was N200 per month. You could spend less than N200 without accounting for it, but anything above N200, you must account for it.
¤ When he increased the money to N250, we clapped for him at the executive council.

¤ Now, as a former governor of the defunct north-eastern state, former minister of petroleum, former head of state, former executive chairman of PTF, Buhari has no house in Abuja.
¤ If he goes to Abuja, he stays in a private hotel. He has no house either uphill or downhill, apart from his house in Kaduna.

Sane Nigerians, We Need BUHARI by 2019.
PROFESSOR TAM DAVID WEST, Former Nigeria's Petroleum Minister.

Esseite:


You are giving us a comparison from 2017, when we had better in 2011 - 2015... When the same pdp you accuse of 16 years non-work were in position.

That is absolutely senseless.

- Agriculture - Adesina was top notch, even recognised by the world. Where is the free fertilizers they once had?

- GDP growth - if PDP gave us 7%, why celebrate 1.93%?

- Oil problem - do you know the cost of subsidizing petrol at $80 - $100. (It means fuel was supposed to sell at N362, but we paid N87)

- How do you say Manufacturing is booming when factories are shut (eg Procter and gamble ogun state)

- communication?.... PDP brought in GSM.

- Nollywood - it's good you accepted the truth on that.

No Worry. Reality go soon hit you.

If you are a youth with PVC and you are voting baba again. My dear you have failed your generation.

D numbas say pmb/pyo ar workin while d ppl say dey ar reelectin baba
4+4 is a done deal, Godwilin

deji17:
7 things GDP numbers tell us about Buhari’s reelection bid

February 12

by Mayowa Tijani

On Tuesday, the National Bureau of Statistics (NBS) released the gross domestic product (GDP) numbers, showing a 1.93 percent growth in the Nigerian economy for the year 2018.

Financial analysts, public commentators, local and foreign media, and opposition bigwigs have said repeatedly that President Muhammadu Buhari of the All Progressives Congress (APC) has done poorly with the revival of the economy.

Former president Olusegun Obasanjo, who is fiercely opposed to Buhari’s reelection, went as far as saying Buhari is weak on the economy, after over a year in economic recession.

Obasanjo added that a change of the current administration will birth “a government that will improve the economy, regain the confidence of investors and generally drive growth”.

TheCable reviews seven things the GDP numbers say about President Buhari and his re-election bid.

1. BUHARI IS REVIVING AGRICULTURE — FOR REAL

Buhari and Emefiele

President Buhari promised to revive agriculture, and diversify the Nigerian economy. His government, in partnership with the Central Bank of Nigeria (CBN) launched the Anchor’s Borrowers Programme (ABP) to empower smallholder farmers in the country.

The GDP numbers show that Buhari’s plan in agricuture has been working — beyond the rhetoric, as agriculture now contributes over three times more to the Nigerian economy, than oil does.

“Four activities make up the Agricultural sector: Crop Production, Livestock, Forestry and Fishing. sector grew by 18.58% year-on-year in nominal terms in Q4 2018, showing an increase of 8.45% points from the same quarter of 2017,” the NBS report read.

“Crop Production remains the major driver of the sector, accounting for 89.84% of nominal agriculture GDP. On an annual basis, agriculture GDP grew by 14.27%, higher than 11.29% recorded in 2017, The sector contributed 23.08% to nominal GDP in Q4 2018 , which is higher than its contribution in Q4 2017”.

There are evidence of growth in virtually every part of the agriculture sector, despite the floods recorded in the year under review.

2. BUHARI IS STILL ‘BABA GO SLOW’ — BUT STEADY
Buhari’s major economic policy document is the Economic Recovery and Growth Plan (ERGP). The president and his team say they have remained committed to the plan, which they say will make Nigeria grow again.

According to the plan, and 2018 budget projections, the Buhari administration forecast that the economy would grow by 3.5 percent in 2018. But based on the GDP numbers released on Tuesday, the economy grew by a sluggish 1.93 percent.



On the economy, Buhari’s government has been delivering slow, but steady growth, since exiting recession in 2017.

3. NIGERIA STILL HAS AN OIL PRODUCTION PROBLEM
While Nigeria does not want to fixate its economic prosperity on oil and gas, Vice-President Yemi Osinbajo had made it clear that Nigeria needs oil money to get out of oil dependence.

As the country shifts to the non-oil sector, there is a need to make as much money as the country can make from oil to develop other sectors of the economy. But Nigeria is not making the most of oil.

“In the fourth quarter of 2018, average daily oil production stood at 1.91 million barrels per day (mbpd). This was lower than the 1.95 mbpd recorded in the same quarter of 2017, and 1.94mbpd in Q3 2018,” NBS estimates.

This is less than budgetary benchmarks of 2.3 million barrels per day projected by the Buhari administration, and less than production levels under previous governments.

Despite an increase in oil prices in 2018, Nigeria “recorded a real GDP growth rate of –1.62% (year-on-year) in Q4 2018, indicating a decline of –12.81% points relative to the growth rate recorded in the corresponding quarter of 2017”.

This highlights a production problem in the oil sector.

4. BUHARI’S TEAM DROPPING THE BALL ON MINING

Fayemi stepped down as minister in 2018

Following the appointment of Kayode Fayemi as the minister of mines and steel development, the Buhari admin made significant progress in mining across the country.

But the numbers show that there has been a drop in the reality of the sector.

“In real terms, the Mining and Quarrying sector grew by –1.23% in Q4 2018. This was lower than rate recorded in Q4 2017 (10.7%) but higher than the growth rate in Q3 2018 (-2.81%).

“The sector’s contribution to real GDP in Q4 2018 stood at 7.23%, slightly lower than its contribution of 7.49% recorded in Q4 2017 and the 9.53% recorded in the Q3 2018. The sector contributed 8.74% to total real GDP in 2018.”

5. MANUFACTURING IS BOOMING UNDER BUHARI
Buhari’s foreign exchange policy has been to limit what is being imported into Nigeria and increase what is being produced locally. With the support of the Central Bank of Nigeria, the government has been very strict on this.

The numbers show that Buhari’s plan is paying off, as Nigeria’s manufacturing sector seems to be booming.



“In the fourth quarter of 2018, nominal GDP growth for the Manufacturing sector was recorded at 33.57%, which is 24.37% points higher than the rate recorded in the corresponding period of 2017 (9.20%)”.

Buhari is pro-local manufacturing, and the numbers are on his side.

6.TELECOMMUNICATIONS GETTING BIGGER WITH BUHARI

Telecommunications has soared under the leadership of Umar Danbatta

“Telecommunications & Information Services under Information and Communication sector grew by 16.67% in Q4 2018 from 14.97% in Q3 2018 and -3.28% in Q4 2017,” the report read.

Nigeria’s telecoms sector is contributing immensely to the country’s gross domestic product, and has continued on an upward trend from third quarter 2017 to date.

7. NOLLYWOOD ISN’T DOING SO WELL WITH BUHARI
While the information and communications sector of the economy has been doing so well under Buhari, the section of it, which makes up a large part of Nollywood — Motion Pictures, Sound recording and Music production — has not been doing so well.

Its been a rough road with the Buhari administration: In Q2 2017, the sector shrank by 4.53 percent, and recorded growth of 1.02 percent by the end of the year, only to shrink by 2.29 percent by Q2 2018.

At the end of the year under review (2018), the sector grew 0.55 percent.

The same zig-zag growth and decline have been recorded in the broadcasting, arts, entertainment and recreation sectors of the economy.

Obasanjo may have said Buhari is weak with the economy, the incumbent may have said he has done well with the economy. But what do the numbers say to you?

https://www.thecable.ng/7-things-gdp-numbers-tell-us-about-buharis-reelection-bid

8. And Nigeria is getting poorer under Buhari

9. And more people are being slaughtered under Buhari.

10. And more people are committing suicide under Buhari.

11. And naira has lost more value under Buhari.

12. And Boko Haram is killing people and more soldiers under Buhari.

13. And more children are out of school under Buhari.

14. And nepotism is the order of the day under Buhari. All security positions are Muslims from the north.

15. And food items have increased under Buhari.

16. And press freedom has reduced under Buhari.

17. And corruption fight is one sided under Buhari.

I just helped you to add to the list of his achievements.

Mtschww. Cabal govt

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Nobody rein-force failure anywhere in the world. The world is isolating us. Investors are scared.

The theory you listed is not even the real issue is failure to manage Nigeria. Buhari is a bad manager.
Are you gonna talk about nepotism, dictatorship tends or his health, or the cabals using him.
and his iron hand to silence and subject the country to his interest, the cow colony etc


For your info Buhari did not just divide the country he made the people suffer.
Borrowing went to the root double PDP 16years rule.

I have check everywhere there is nothing to re-elect him for. The fake integrity fade. Buhari could not pass the test.

In fact the problem is we handed a bad manager affairs of Nigeria. The writer can recruit Buhari.


Nigeria don't need Buhari to survive.