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NBS Report: Lawan Says Nigeria Not Doing Badly - Politics - Nairaland

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NBS Report: Lawan Says Nigeria Is Not Doing Badly / Ahmed Lawan Says Hate Speech Bill Won't Be Passed / Apc Is Not Doing Well But When It Comes To Governance Give It To Buhari-wike (2) (3) (4)

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NBS Report: Lawan Says Nigeria Not Doing Badly by Benjaminnx(m): 11:02pm 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 isn't doing badly.The NBS had disclosed that the nation’s GDP declined by –6.10% (year-on-year) in real terms within 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 2020, real GDP declined by –2.18% year-on-year, compared with 2.11% recorded within the half of 2019.Key players within the nation’s economy, including the Manufacturers Association of Nigeria and therefore the Lagos Chamber of Commerce and Industry had said the govt won't be ready to service rising debts and fund budgets because the economy shrunk by 6.1 per cent.But speaking with State House correspondents at the top of the virtual National Council of State meeting, Lawal said Nigeria wasn't doing badly.He however said that didn't mean that the govt should be complacent.While admitting that the state still features a great distance to travel , the President of the Senate, said the govt should still work on the post-COVID-19 economy.He said, “We still have an extended thanks to go, we aren't where we might have loved to be, but once you are faced with COVID-19, you recognize that this is often a worldwide pandemic and no country has been spared and once you compare your performance within the area of economy with other giants, more robust economies just like the USA and Germany, you’ll be happy that you simply 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 additional resources to deal with the COVID-19 challenges.“We have tried to place in what we will , but i feel the key here is we've been ready to sustain what we do even with lesser resources, but i feel -6.10%, as reported by the NBS, that’s the downwards turn in our GDP.“Ordinarily we shouldn’t be proud of

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Re: NBS Report: Lawan Says Nigeria Not Doing Badly by AngusTV: 12:00am On Aug 28, 2020
Very funny

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