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NBS Report: Lawan Says Nigeria Is Not Doing Badly by iwaeda: 8:18pm On Aug 27, 2020
President of the Senate, Ahmed Lawan, on Thursday reacted to the National Bureau of Statistics’ second quarter 2020 Gross Domestic Product estimates which was published on Monday, saying Nigeria is not doing badly.

The NBS had disclosed that the nation’s GDP declined by –6.10% (year-on-year) in real terms in the second quarter of 2020, ending the three-year trend of low but consistently improving positive real growth rates recorded since the 2016/17 recession.

Consequently, for the first half of 2020, real GDP declined by –2.18% year-on-year, compared with 2.11% recorded in the first half of 2019.


Key players in the nation’s economy, including the Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry had said the government might not be able to service rising debts and fund budgets as the economy shrunk by 6.1 per cent.

But speaking with State House correspondents at the end of the virtual National Council of State meeting, Lawal said Nigeria was not doing badly.

He however said that did not mean that the government should be complacent.


While admitting that the nation still has a long way to go, the President of the Senate, said the government should continue to work on the post-COVID-19 economy.

He said, “We still have a long way to go, we are not where we would have loved to be, but when you are faced with COVID-19, you know that this is a global pandemic and no country has been spared and when you compare your performance in the area of economy with other giants, more robust economies like the USA and Germany, you’ll be happy that you have experienced only -6.10% downturn in your economy when others have 19, others have even more, those are economies that are stronger, that have put in more resources to address the COVID-19 challenges.


“We have tried to put in what we can, but I think the secret here is we have been able to sustain what we are doing even with lesser resources, but I think -6.10%, as reported by the NBS, that’s the downwards turn in our GDP.

“Ordinarily we shouldn’t be happy with it, but in the current circumstance where every country is experiencing this kind of thing, South Africa, the second largest economy in Africa, is experiencing worse.


“We are not doing badly, but that is not to say we should be complacent, I think we should continue to work on the post-COVID-19 economy that we are looking at.

“We should continue to invest to ensure that we protect the employment of our people so that our people don’t fall into joblessness. We should provide palliatives as much as we can for those who are so disadvantaged and require the support of the federal government.


“The sub nationals, the states should also should continue to support the Federal Government in its efforts to keep everybody afloat and I believe that though our resources are scarce, but I think we are facing the right direction and for us in the National Assembly, we’ll continue to approve good policies of government, especially when it comes to areas that will touch the lives of the most ordinary man to help survive this situation and even to help him do better after the COVID-19.”

https://punchng.com/nbs-report-lawan-says-nigeria-not-doing-badly/

1 Like

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by Christane(m): 3:58am On Aug 28, 2020
i dedicate dis FTC to all nigerian wey eyes don open say COVID 19 na scam and a lucrative job for the ncdc officials to becum overnight millionaires ...wen his still earning million of naira as a senator how will he not say d country z nt doing badly.

34 Likes 1 Share

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by xarxes(m): 4:02am On Aug 28, 2020
What do you expect from a Rubber Stamp FULANI Quota system poorly educated lawmaker

84 Likes 4 Shares

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by Brunosamel(m): 4:02am On Aug 28, 2020
Shameless senators grin

30 Likes

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by Cedarfarms: 4:03am On Aug 28, 2020
We keep celebrating mediocrity....that why we are comfortably poor.

52 Likes 4 Shares

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by biafrasun: 4:04am On Aug 28, 2020
What happened here, no body commenting zoogeria nation

3 Likes 1 Share

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by Ijaya123: 4:06am On Aug 28, 2020
Politicians will destroy this country, if they have not done so already.

WHAT A TRAGEDY!!!

16 Likes

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by essenjack(m): 4:07am On Aug 28, 2020
It is not a curse, till thy Kingdom come, Nigeria will never be better.
Buhari and his goons have succeeded in completely destroying this great country beyond repair. No man born of a woman will be able to fix this damage.

15 Likes 1 Share

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by YADNUS11: 4:08am On Aug 28, 2020
Evil

2 Likes

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by jerecrown(m): 4:08am On Aug 28, 2020
Is very painful to see leaders saying rubbish in public

4 Likes

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by teamsynergy: 4:09am On Aug 28, 2020
When senators are still collecting armed robber salary

.

He should go to street to see see how Nigerians are faring

12 Likes

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by gurunlocker: 4:09am On Aug 28, 2020
Do we blame him? NO!

Since is his earning in millions of naira, sitting down on billions... He doesn't know what an average Nigerian is going through, how much we now spend buying food stuffs and all.

8 Likes

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by P1PrinceKT(m): 4:13am On Aug 28, 2020
Yes if we look at it from the same angle with A.L

It's true because almost all our sources of income had been blocked due to covid19 pandemic.

And remember it's just @6% declination.

3 Likes 2 Shares

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by zeusdgrt(m): 4:25am On Aug 28, 2020
Yeye people

1 Like

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by DontBullshitMe: 4:26am On Aug 28, 2020
Nigeria's GDP growth does not match its population growth.

We are in for a long drive.

4 Likes

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by Sabadon(m): 4:27am On Aug 28, 2020
on paper, "yes we re not doing bad" but in reality does it reflect on the common man? i guess you know the answer.....so who should be in a place to judge if we re doing bad or not? "the comon man whose income cant purchase inflated commodities or the man at the top who doesnt even know the price of tomatoes in the market?"

7 Likes 1 Share

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by ForeThinker: 4:27am On Aug 28, 2020
Some people aren’t loyal to you, they are loyal to their need of you. Once their needs change, so does their loyalty.

3 Likes 1 Share

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by pwansunriseteam: 4:31am On Aug 28, 2020
Ok

1 Like

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by Fheelzz(m): 4:33am On Aug 28, 2020
Chai, Their punishment is premium sub in heaven

Wicked souls

1 Like

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by olowo1930: 4:33am On Aug 28, 2020
Hell on earth with tick hardship in the country. May God heal this land
Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by oluwaSavage: 4:54am On Aug 28, 2020
ahhhh Mr senate president, please tell your jokes to the nothern zombies as usual, me and my friends here are not buying it. You better fear God. you know that's a bullshit from you, you know how much one cup of rice is ?

3 Likes

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by MacBan: 4:56am On Aug 28, 2020
That's what a typical aboki quota system miscreant of a president sineater would spew out.
Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by Amah70: 4:58am On Aug 28, 2020
Nigeria is not doing badly? How many Nigerians will the Armed forced kill before you know that Nigeria is doing badly?

Look closely, from Boko Haram members to bandits in the north, to IPOB and to Niger Delta militants who are the defenseless and unarmed citizens being killed - they are those who want a restructured Nigeria so that they practice their religious faith as they like without constitutional hinderances, and those tired of being suppressed by Nigeria’s political system and structure, and now ask for a different country from Nigeria.

You may have to kill most of Nigerian people to continue to have Nigeria governed as it is governed and politically structured now.

2 Likes

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by MondayOsunbor(m): 4:58am On Aug 28, 2020
jerecrown:
Is very painful to see leaders saying rubbish in public


omo you are right

especially when you have not measures to do something
Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by SouthNigerian: 5:00am On Aug 28, 2020
When we told them Saraki is the man fit enough to tackle this terrorist of a Government, they said we backing a thief.

Now, who's the thief? Saraki or Lawan?
.
Nigerians are too easy to manipulate jere.

9 Likes

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by Eriggs: 5:04am On Aug 28, 2020
We are moving forward. i hope we win this war against insurgency that pdp leave our narion in.
in infrastructures and development, Buhari is doing well.
we will get there.

1 Like

Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by Eriggs: 5:06am On Aug 28, 2020
xarxes:
What do you expect from a Rubber Stamp FULANI Quota system poorly educated lawmaker
shut up, enemy of Nigeria
Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by Eriggs: 5:07am On Aug 28, 2020
biafrasun:
What happened here, no body commenting zoogeria nation
na only animal dey talk say dem dey live in zoo. so i am not surprised by this post. coming from this moniker grin.
una leader don tell us una name. and d name fir una
Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by Eriggs: 5:08am On Aug 28, 2020
P1PrinceKT:
Yes if we look at it from the same angle with A.L

It's true because almost all our sources of income had been blocked due to covid19 pandemic.

And remember it's just @6% declination.
true. i second dis
Re: NBS Report: Lawan Says Nigeria Is Not Doing Badly by Eriggs: 5:08am On Aug 28, 2020
SouthNigerian:
When we told them Saraki is the man fit enough to tackle this terrorist of a Government, they said we backing a thief.

Now, who's the thief? Saraki or Lawan?
.
Nigerians are too easy to manipulate jere.
shut up, you are still supporting thieves after they fail woefully. shamelessness

4 Likes

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