The Federal Government said on Tuesday
that it had surpassed its growth targets in
eight out of the 14 broad sectors of the
Nigerian economy under the Transformation
Agenda.
The Minister of Information, Mr. Labaran
Maku, stated this in Abuja at the monthly
news conference on the performance of the
economy and the power sector.
Maku listed the sectors as solid minerals,
financial institution and insurance, building
and construction, transport, education, road
and estate, public administration and
agriculture.
According to him, the feat acheived is an
indication that the Transformation Agenda is
on course and that the economy is growing in
the right direction.
He said that claims by some analysts that the
nation had gone bankrupt and that the
economy was performing poorly was
deceptive.
The minister said that apart from the
unprecedented growth recorded in some
sectors, other micro and macro-economic
indices sanctioned by reputable global
organisations had indicated growth in the
economy.
Maku said the most interesting thing about
Nigeria’s economic growth pattern was that
the Gross Domestic Product growth was
largely driven by the non-oil sector.
“There is something that Nigerians need to
know about this economy that has been run
down by some pessimists, and that is the
growth, which is driven largely by the non-oil
sector of the economy.
“Agriculture has recorded 27.64 per cent,
wholesale and retail trade has 28.4 per cent,
telecommunications – 24.38 per cent.
“Foreign Direct Investments averaged 7.97
billion dollars in 2011 and 2012 from 6.10
billion dollars in 2010 and is still the highest
in Africa.
“Home remittances increased from 19.20
billion dollars in 2009 to 20.61 billion dollars
in 2011 and 21.89 billion dollars in 2012, Gross
External reserves improved from 32.34
billion dollars in 2010, to 48.8 billion dollars
as of April 26, 2013,’’ the News Agency of
Nigeria quoted the minster as saying at the
briefing.
On anti-corruption campaign, Maku said the
administration had adopted electronic means
to block leakages in the system and minimise
waste.
According to the minister, N118.9 billion has
been saved from 215 Ministries, Departments
and Agencies (MDAs) under the electronic
payroll system.
He reiterated government’s resolve to block
avenues for corruption in public service,
hence the resolve to adopt automated means
of resource management.
Source : The Nation Newspapers

Good

front page.

@OP, you said the source is The Nation newspaper. I thought there are several allegations that the said newspaper company never reports anything good about the FG? Well, it's good that the economy performs well, people get jobs, hunger and poverty and disease are reduced to the most minimum--doesn't matter who gets the glory or reports the good news.

'EDUCATION'

Feri Feri Fonny!!

They must have targeted very low score.. Or maybe they are referring to "looting target"