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.
bid

Is it just me or isn't agriculture meant to be contributing a smaller portion to gdp as services and industry rises ?

urahara:



Is it just me or isn't agriculture meant to be contributing a smaller portion to gdp as services and industry rises ?

Think a bit more about it.

Ikio:
bro pls shut up oil surplus. D U.S dont sell oil

Yeye. The US yen yen yen...

When Jonathan was earning $120/barrel were you still inside the womb then?

Comparing Nigeria to the US, why don't you compare Nigeria to the UAE that sells oil.

In the early 80s Lagos was much more developed than Dubai. #Fact.

Esseite:


https://www.nairaland.com/1980722/adesina-how-fg-ended-40

http://pointblanknews.com/pbn/exclusive/weve-unleashed-revolution-in-rice-production-in-nigeria-dr-adesina/

Get Atikulated. .

U just showed me that adeshina is a mosanto agent that promote GMO free seeds & fertilizers engineered to wipe us all out.Thanks for d reference.

bizzibodi:

U just showed me that adeshina is a mosanto agent that promote GMO free seeds & fertilizers engineered to wipe us all out.Thanks for d reference.

And the farmers are not all dead?

Esseite:


And the farmers are not all dead?

You are truly an ignoramus.

And your type make the most noise.

5thElement:


Yeye. The US yen yen yen...

When Jonathan was earning $120/barrel were you still inside the womb then?

Comparing Nigeria to the US, why don't you compare Nigeria to the UAE that sells oil.

In the early 80s Lagos was much more developed than Dubai. #Fact.

daht y d nid 4 restructuring

Ikio:
daht y d nid 4 restructuring

I agree.

PDP is never going to restructure. That's certain. Atiku is a Northerner. He will always bow to the wishes of his people. Same as Buhari.