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Economy Will Pick Up In 2017, Says FG - Politics - Nairaland

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Economy Will Pick Up In 2017, Says FG by emamos: 6:18pm On Jul 21, 2016
The Federal Government on Thursday assessed the nation’s economy and returned a verdict that 2016 has so far been a difficult year for Nigeria.

It said things are expected to start picking up for the nation by next year.

The Minister of Budget and National Planning, Senator Udo Udoma, said these while answering questions from State House correspondents at the end of a meeting of the National Economic Council presided over by Vice-President Yemi Osinbajo.

Udoma was joined at the briefing by the Taraba State Governor, Darius Ishaku; and his Niger State counterpart, Abubakar Bello.

The minister said Nigeria could only be said to be in recession if it records two quarters of negative growth.

He said since the country had experienced negative growth in the first quarter, the country will be said to be in technical recession if the second quarter which is still being expected is also negative.

He said, “Recession is basically when you have two quarters of negative growth. We had a first quarter of negative growth and we are still waiting to get all the figures for the second quarter which has just ended in June.

“The National Bureau of Statistics will be giving us all the figures but if as we suspect, the second quarter is also negative, then of course technically you could say that we are in recession if those figures turned out to be so.

“But even if we are not, the situation in the economy right now is one that of course we are addressing.”

Udoma said while the Federal Government expected some of the factors that have been impacting negatively on the economy, some others were unexpected.


http://punchng.com/economy-will-pick-2017-says-fg/

4 Likes 1 Share

Re: Economy Will Pick Up In 2017, Says FG by emamos: 6:19pm On Jul 21, 2016
It is well

4 Likes

Re: Economy Will Pick Up In 2017, Says FG by trinitylove(m): 6:21pm On Jul 21, 2016
Abegi make i hear wordsad

67 Likes 5 Shares

Re: Economy Will Pick Up In 2017, Says FG by trinitylove(m): 6:22pm On Jul 21, 2016
emamos:
It is well
even in the well

3 Likes

Re: Economy Will Pick Up In 2017, Says FG by eyeview: 6:23pm On Jul 21, 2016
So the goalpost has now been moved to 2017?
Issorai

91 Likes 3 Shares

Re: Economy Will Pick Up In 2017, Says FG by Chanchit: 6:27pm On Jul 21, 2016
this news is just as good as vision 2020, I kuku know where my PVC dey.

85 Likes 3 Shares

Re: Economy Will Pick Up In 2017, Says FG by WowSweetGuy(m): 6:29pm On Jul 21, 2016
E b lyk say dem want to tell us another story again o...b lyk say dem want to do another deceiving again o....singing*

70 Likes 5 Shares

Re: Economy Will Pick Up In 2017, Says FG by eph12(m): 6:33pm On Jul 21, 2016
My own is when next year? Chai one chance ooo

17 Likes 1 Share

Re: Economy Will Pick Up In 2017, Says FG by Greatfuture: 6:48pm On Jul 21, 2016
so people should die before then

24 Likes 1 Share

Re: Economy Will Pick Up In 2017, Says FG by Frankiss44(m): 6:49pm On Jul 21, 2016
Another promise waiting to be cancelled pretty soon. .. APC - All Promises Cancelled.

51 Likes 2 Shares

Re: Economy Will Pick Up In 2017, Says FG by Nobody: 7:09pm On Jul 21, 2016
So no hope till December?

28 Likes 1 Share

Re: Economy Will Pick Up In 2017, Says FG by Bethelwealthy(m): 7:49pm On Jul 21, 2016
..............another statemet for the ZOMBIES to hold unto.
while their children hold unto CBN, FIRS jobs cheesy

65 Likes 6 Shares

Re: Economy Will Pick Up In 2017, Says FG by obiageIi(f): 8:20pm On Jul 21, 2016
Still 3yrs left.

2 Likes

Re: Economy Will Pick Up In 2017, Says FG by adeyak83(m): 8:27pm On Jul 21, 2016
If FG use 20yrs to prepare for madness, how many days e go take them to enter market self?

54 Likes 6 Shares

Re: Economy Will Pick Up In 2017, Says FG by JoeCutie(m): 8:39pm On Jul 21, 2016
You see their lives? So, we, the 'ordinary' citizens should continue to starve and wait till 2017 while them and their families continue to grow and blossom and their children continue to graduate from the Universities of Harvard, Manchester and the likes?

Nigeria! When again? embarassed

89 Likes 11 Shares

Re: Economy Will Pick Up In 2017, Says FG by jtwest(m): 8:51pm On Jul 21, 2016
Make we dey chop grass till 2017 abi? Just wen u think it couldn't get worse

29 Likes 4 Shares

Re: Economy Will Pick Up In 2017, Says FG by rrhostomy(m): 9:21pm On Jul 21, 2016
dancing around with this K. 2faces' dance step Lol
Re: Economy Will Pick Up In 2017, Says FG by chernest2002: 9:26pm On Jul 21, 2016
I knew they have nothing to offer, the same old story.

24 Likes 1 Share

Re: Economy Will Pick Up In 2017, Says FG by dunkem21(m): 9:27pm On Jul 21, 2016
.. and they promised to hit the ground running cool

25 Likes 2 Shares

Re: Economy Will Pick Up In 2017, Says FG by luckman20(m): 9:58pm On Jul 21, 2016
We're waiting embarassed
Re: Economy Will Pick Up In 2017, Says FG by STARGREEN(m): 10:31pm On Jul 21, 2016
I hope they won't blame our great and beloved President GOODLUCK JONATHAN for this mess?

41 Likes 2 Shares

Re: Economy Will Pick Up In 2017, Says FG by naija247: 12:08am On Jul 22, 2016
Dem talk say once national assembly pass budget things go better, now dem dey talk of 2017. Ok now shey 2017 no far we dey wait.

19 Likes 2 Shares

Re: Economy Will Pick Up In 2017, Says FG by chigoizie7(m): 12:17am On Jul 22, 2016
According to kemi adeosun, Nigeria economy is technically in recession already.

50% of 2016 budget is un implementable, did I say 50%?

We also know too well that the whole of 2015 was a total waste in terms of executing capital projects, same is about to happen in 2016.

And someone is sitting down somewhere telling me the economy will turn for good in 2017?

One minister is telling farmers to pay some money so as to protect them from kidnappers (what is the Nigerian police force doing? Are they protecting a different group of nigerians only?)

FG is saying that it might not be able to pay salaries, maybe 2-3months from now.

Can these people bridge the gaps/rots incurred for a period of 2yrs in just 1yr? (it is easier to destroy than to build)

21 Likes 1 Share

Re: Economy Will Pick Up In 2017, Says FG by chigoizie7(m): 12:26am On Jul 22, 2016
STARGREEN:
I hope they won't blame our great and beloved President GOODLUCK JONATHAN for this mess?


Yes bro, I blame goodluck for all these.





















































I blame him for conceding defeat to this trial and error president, to this senseless president.

I. Blame him for not rigging his way up to remain as presido.

I blame him for not declaring the 2015 elections inconclussive.
















But what do I know? GEJ is just smarter. GEJ and his team knew naija was going into hard times, I guess that was why he willingly left.

But GEJ would have stayed back with his team, the economy is shaky all over the world.

But GEJ's team would have given us something to hold on to until things are sorted out.

They would have found ways to alleviate this suffering @least to its barest minimal.



I still blame GEJ for being selfish ( becoming the hero of democracy by conceding defeat peacefully and then leaving the helm of affairs as the best president naija ever had since democracy) and leaving us to the mercy of these blood sucking APC members.

76 Likes 15 Shares

Re: Economy Will Pick Up In 2017, Says FG by tit(f): 1:16am On Jul 22, 2016
ha ha ha
this buuhari is a joker

10 Likes

Re: Economy Will Pick Up In 2017, Says FG by Histrings08(m): 1:44am On Jul 22, 2016
So what will good Nigerians be eating until then?

8 Likes 1 Share

Re: Economy Will Pick Up In 2017, Says FG by porka: 5:56am On Jul 22, 2016
It is not based on any solid planning or strategies.

Just sheer wishful thinking.

Does the economy pick up without any policy direction?

16 Likes 5 Shares

Re: Economy Will Pick Up In 2017, Says FG by Nobody: 6:00am On Jul 22, 2016
Are we hoping on a miracle or what? Where is the action plan to make this projection a reality?

17 Likes

Re: Economy Will Pick Up In 2017, Says FG by Nobody: 6:10am On Jul 22, 2016
Yawns! Is APC still campaigning? Accidental leaders

20 Likes 1 Share

Re: Economy Will Pick Up In 2017, Says FG by Nobody: 6:32am On Jul 22, 2016
a stone is.more.popular than the dullard not surprissd





lalasticlala

19 Likes

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