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/

Failures who couldn't maintain the position Jonathan kept us

Afonjas good morning

Lol na dream

We are tired of these empty promises

Foolish set of people...what happened to the one handed over to you by the former administration?

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.

Useless govt.

Buhari government lying to us since 2015...

Adaure4ever:
Useless govt.

Very very Useless.

If only they can Match their Predecessor whom they are always fond of Castigating.......We can over look some of their Inadequacies.

Wait till Angola overtakes una....

even at this time FG is still promising Nigerian.......chaii buhari

Chai but dis govt will not seize 2 amaze me yeye govt keep decieving d gullibles n zombies

[size=20pt]Buhari = useless[/size]

Useless government, a country of 170million people competing for largest economy with one of barely 40million

Shld they run after this useless ranking or shld b after hw d livelihood of Nigerian will improve. Who do they want to impress?

Not when this present government of yours (of dullness, nepotism, blame, without directions) still lives

Useless government. What is on his mind is how to become the biggest economy without putting anything in place to achieve it. They should keep dreaming

If I swear for una ehnnnn. Must u lie all d time. Meanwhile thunder where are u when u are needed most? Fire all dem Babylonia's

kazuna:
Wait till Angola overtakes una....

You dey mind them.

"We promise nigerians that by the time we are through with nigeria, Nigeria will be as great as goodluck left it" -FG

ooo

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.

Where did you keep your brain bros? That Oyedepo was making more money now than ever doesn't add meaning to the economic crisis we are facing. Of course you should know that some people benefit when there is crisis, same goes with Oyedepo

Story for the gods....

This APC regime

When we cannot even overtake them on the Olympic Medal Table.....


Lubbish....

No we will not.

Our economy is heavily based on revenues from what we sell. And to make matters worse....we do not control the price of what we sell.

Our Government should not be busy building castles in the sky. RATHER....they should fix the lights and the transport....so that we can manufacture things like TV,PC,Radios,cars,cycles, etc....and export them.....and forget about oil.

Resource dependent economies are economies built on false foundations. APC better wake up to that fact.Oil will never rise again.

This APC government make so much noise.

for selling what? lies or jaguda ugwu leaf in anambra state?

H

its possible if we look beyond oïl...

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