Senior Special Assistant on Media and Publicity to Vice-President Yemi Osinbajo, says the Nigerian economy is on its path to recovery.

Laolu Akande said this while reacting to the report released by the National Bureau of Statistics which showed that Africa’s biggest economy entered a second recession in five years.

The NBS, in its report for the third quarter of 2020 released on Saturday, said the GDP, the broadest measure of economic prosperity, fell by 3.62 per cent in the three months up till September.

In his reaction, Akande said, “Let me say very clearly that if you look at the GDP (Gross Domestic Product) figures themselves, there is a clear indication of restoration. For instance, in Q2, the contraction was -6.1 but in Q3 which figures were just released, the contraction is -3. So, clearly, the Nigerian economy is on a rebound.

“To the question of when we will get out of this situation, the figures bear the truth that the Nigerian economy is on its way to recovery. This is going to be mainly because of the Economic Sustainability Plan that the President had put in place and asked the Vice-President to share its development and implementation.

“The economy is rebounding and this is mainly because of the preemptive action that the Buhari administration had taken even before now to ensure that the situation doesn’t get worse. We have the confidence that the Nigerian economy will bounce back very promptly.”

https://aledeh.com/2020/11/recession-osinbajos-aide-optimistic-about-recovery/

Osinbajo is a con-artist

I watched Mr. Laolu Akande on Channel Television yesterday. Honestly, he made my day with very cogent evidences of the ongoing building of infrastructures in the country

Juliusmalema:
Osinbajo is a con-artist

and your father?

Not with the current leadership in place. no one takes you guys serious

Nigeria will bounce back from this economic woo couple with the fact that we have the economic sustainability plan that will improve the economy especially in the non oil sectors. The NESP's focus is basically on; agricultural, ICT, housing, road, human capital empowerment, etc

It's time people understand why our economy enter recession because it's not everything we will be blaming our government for. Covid_19 pandemic affected the world economy not only Nigeria and these government has been fighting hard through some beautiful schemes like MSME survival funds and others so we can recover quickly. I think we should support them and have patient with them. Nigeria shall prevail

Please I beg I need Airtel card..

0902 613 3206

God bless you.

Soonest we will back to normal and a recession will be a thing of past

I'm also optimistic that we would bounce back

With the programs on ground it is just a matter of time