@POLITICSNGR

Below is a statement from the Nigerian Presidency signed by Spokesman, Femi Adesina;

"The Fourth Quarter 2018 Gross Domestic Product (GDP) results released recently by the National Bureau of Statistics (NBS) give lots of cause to cheer.

Below are salient points to note from the report, as the Muhammadu Buhari administration puts the Nigerian economy on firm, solid footing:

1. The economy has recorded continued progress since it emerged from recession in 2017. Current result shows a Real GDP growth of 2.38% compared to 1.81% in Q3 last year, representing the strongest growth since the economy slipped into recession in 2016.

2. For more than five decades, Nigeria has paid lip service to diversifying the economy, from sole dependence on oil. The latest result shows that economic growth has continued to be driven by the non-oil sector, which grew by 2.70% in Q4 2018, up from 2.32% in Q3 2018. It represents the strongest growth in the sector since Q4 2015.

3. The non-oil GDP growth was driven by Quarrying and Other Minerals, followed by Telecommunications, Agriculture, Manufacturing, and Construction. That is diversification in progress, real time, no matter what the naysayers may say.

4. While the non-oil sector actually drove GDP growth, the oil sector contracted with crude oil and gas GDP reducing by -1.62%. This shows that with good governance, focus, prudence and accountability, the life of the country need not depend on oil ad infinitum.

5. The NBS report further shows that Services GDP growth recorded its best performance in 11 quarters, growing by 2.90% compared to 2.64% in Q3 2018 and 0.10% in Q4 2017. Overall, while growth in the economy was moderated by the contraction in the oil sector, 39 out of 46 economic activities recorded positive growth in the quarter under review.

6. The improved GDP growth can be attributed to Government's continuous implementation of the policy initiatives in the Economic Recovery and Growth Plan (ERGP), which has boosted the performance of the non-oil sector.

7. The growth in Q4 2018 GDP is consistent with the improvements in other macroeconomic indicators, including inflation, capital inflows, foreign trade, external reserves, amongst others.

8. Headline inflation has been trending downwards from 18.55% as at December 2016 to 15.37% in December 2017 and further to 11.44% in December 2018.

9. The total value of capital importation into Nigeria stood at $2,140 million in the fourth quarter of 2018. This translates to a full year capital inflow of $16,812 million compared to $12,228 million in 2017.

10. Although the economy is now growing, more still must be done to deepen its diversification and make it less vulnerable to external shocks. That is an unflinching commitment of the Muhammadu Buhari administration.

Those who do not see any good in something not initiated by them toil endlessly to hoodwink Nigerians into believing that nothing good is happening on the economic front. But facts are stubborn things. The more they try to deny the facts, the more they rudely stare at them in the face.

With the Buhari administration, economic Eldorado beckons. Nigeria is inexorably set for that Next Level.

https://politicsngr.com/presidency-lists-10-things-know-nigerias-economy/

Which rising economy? Nigeria's economy that has shrunk by over 20% since goodluck left office in 2015.

Checkout our latest GDP data as released by NBS.

Nigeria shall be great again. We can only achieve that if we vote for good leaders not political parties. Let's vote for Atiku.


I could have been FTC for the first time in Nairaland but for the guy up there.

K

Story story, Stoooooorrryyyy... Once upon a time, time tiiimmmee!

Mtcheewwwwww! All these nonsense just to gain sympathy from people to vote una again abi? Thunder fire una for there! Ori yin ti daru danu danu...

Buhari! You're a goner for good this coming Saturday. Operation #KickBuhariBackToDaura

Campaign strategy.

EXCELLENTLY CORRECT

Workers are told they'd be paid around $80 a month, but they end up getting it after 3months... That's below $1 per hour. Nigeria!! A country that's soaked in poverty!

And these kind of news will definitely give some people bad day/headaches.

Gradually we are getting there even upon low earnings.

Kudos to the Apc led FG.. More needs to be done.

To be honest this is the kinda news I wanna hear , that there is progress in the country . You see we are so caught up in politics that we sometimes forget that we are on the same side which is Nigeria , we might have different opinions on what's best for Nigeria but fact is we want good things for us

Thank you Sai baba

4 +4 is a GAOL

G

Why does good news hurt a section of the Nigerian public?

How can the economy rise when buhari knows next to nothing about. I guess the economy is improving because buhari is about to go back to daura

kenny714433:



Nigeria shall be great again. We can only achieve that if we vote for good leaders not political parties. Let's vote for Atiku.


I could have been FTC for the first time in Nairaland but for the guy up there.

FTP to come and spew some Buhari rubbish? God forbid.

APC claim to be doing well yet Nigeria is the poverty capital of the world. liars on the loose

Most people on Nairaland don’t want something good for the country. Once they hear the country is progressing they always have negative replies.
I wonder if they themselves are moving forward in their private lives. All the want is Atiku, lazy citizens that like free money. We must all work for any kobo we earn.
I have never collected anything from any politician or there people and I don’t want to, what I want is development that we benefit us all.

KEEP DECEIVING YOURSELF.

Peaceontome247:
Thank you Sai baba

4 +4 is a GAOL

If your population is growing at over 3% annually and your GDP growth rate is 2%, are your getting richer or poorer? Here is a government whose policy is to celebrate poverty!
Vote Atiku for over 7% GDP growth rate that will make Nigeria work again!

"As we are left to really choose between PMB and AA, what strikes
me the most is what exactly would we do in our private enterprise?
Would we appoint and MD or Foreman who have told us that the
company will no longer belong to us at the end of his tenure but he promises to make the company prosperous

OR

The other that says I will make and build all the things that will
make your company better for your generations to come but you
will need to bear some pains initially after which you will have a
prosperous company you still own and will be proud of?
Which one would you choose?"

4+4 done and dusted

Useless propaganda concorted by the zonebeez

We know na. When I see people supporting Atiku, I see thieves, bigots and ignorant intellectual inept folks.

Thank God for Buhari coming in to stabilize us through this recession which happened because jonathan failed to save despite earning 60% more than Buhari. Note that there's a global fall in the price of crude oil (our main source of foreign earning) from $110 per barrel in 5 years under Jonathan to a paltry $50 per barrel under Buhari administration yet Buhari was able to give us many project such Railways, Baro port, Revival of fertilizer mills etc as well as keeping us afloat through the recession while surprising Iweala and Soludo who all predicted recession in the coming years regardless who wins between Jonathan and Buhari in 2015 because the looting Jonathan failed to save despite the much revenue accrued from the Oil boom we had under Jona.

PDP, Neva again.

Rising indeed. Election rising

was expecting to see how they will pay back multiple loans they took from china, in just 3years they have rise our national debt into trillions of dollar far more than what pdp did in 16years + they have not told we nigerians what they did with the loans.... vote widely

was expecting to see how they will pay back multiple loans they took from china, in just 3years they have rise our national debt into trillions of dollar far more than what pdp did in 16years + they have not told we nigerians what they did with the loans.... vote wisely

michoim:
EXCELLENTLY CORRECT

They have arrived, the brain-deads.

BUHARI FOR SECOND TERM

Civil Servant or Public Servant should think twice before casting their VOTE. One factor is that at least 70% of ALLOCATION to STATES comes from NNPC.

IF eventually NNPC is sold to ATIKU's friends as promised, definitely your SALARY has being sold off, your JOB has being sold off. Think deeply. Thanks.

~Retired Biafran Army "Chinedu Madu" caution civil servant.

This election has the following in built factors:
The licenses of DISCOS have expired and the PMB’s government is to allow more companies to come in.


The OIL prospecting licenses of the Generals have expired and PMB is set to allocate them to the States for infrastructural development and thirdly and the most important the monopolistic license issued to INTELS with an annual revenue of N300 billion will expire in 2020 and PMB will not renew it. This has been the mainstay of Atiku. Wike and Secondus are also beneficiaries.

Therefore the elections is between the masses and those who have cornered our commonwealth.

If you are not their friend and you are supporting them without verifying these expiry dates of their economic dominance you have to think twice.

God bless Nigeria