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Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter - Politics - Nairaland

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Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by Rossnitti: 9:09pm On Feb 24, 2021
Nigeria Successfully Exits Recession

Euro Reporter

Colin Stevens

24/2/21

https://www.eureporter.co/world/nigeria/2021/02/24/nigeria-successfully-exits-recession/


Nigeria’s economy has bucked a global trend and has successfully exited recession in the fourth quarter of 2020, writes Colin Stevens.

According to data from the country’s National Bureau of Statistics, GDP increased by 0.11% in the period October-December, supported primarily by growth in agriculture and telecommunications, which expanded by 3.4% and 17.6% respectively.

While increased global oil prices contributed to the growth, the figures also demonstrate the increasing importance of the non-crude sector for Africa’s most populous nation and the diversification of the country’s economy. Analysts note that the figures may indicate a sustained period of faster growth, as the world watches on to see which countries achieve a V-shaped recovery following the [covid crisis].

Growth in domestic product was also supported by the country’s Economic Sustainability Plan, an ambitious set of policies announced by President Buhari’s administration in June 2020 ...

Already, the focus on infrastructure and job creation in the agricultural and other labour-intensive sectors have borne fruit, and the Economic Sustainability Plan is soon to enter a new phase, with the installation of solar power in 5 million homes further boosting employment opportunities and access to power.

Femi Adesina, Special Advisor to President Buhari on Media, said “Infrastructure is where Buhari will leave his biggest footprints. Bridges. Rail. Airports. AKK gas pipeline. All to be delivered before the administration exits in 2023.”

In parallel, a new job creation initiative aimed at the country’s youth was launched in January, providing placements for over 700,000 unemployed young people.

Nigeria’s GDP numbers at the end of 2020 challenged the expectations of international organisations as well as global trends. Countries with larger stimulus packages, such as the USA and Japan, saw lower quarter on quarter growth than Nigeria over the period. In Europe, Spain and Germany also experienced unexpected increases of 0.4% and 0.1% respectively, while France’s GDP fell less than was forecast but remained negative.

This week also saw reports that corruption in Nigeria has fallen dramatically, with BudgIT, a civic advocacy organisation focused on budget and public finance issues, reporting the payment of public funds into personal accounts has declined by 94.75 percent.

3 Likes 1 Share

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by NwaNimo1(m): 9:11pm On Feb 24, 2021
ok
Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by Monogamy: 9:12pm On Feb 24, 2021
There is indeed fall in corruption
Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by BigSarah(f): 9:13pm On Feb 24, 2021
Scoffs
Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by Nobody: 9:13pm On Feb 24, 2021
No be juju be this? Which kind reporter be this? Corruption wey don't get great grand children

4 Likes

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by amuwo1980: 9:15pm On Feb 24, 2021
It must be about another Nigeria and not his one we know

1 Like

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by Rossnitti: 9:16pm On Feb 24, 2021
amuwo1980:
It must be about another Nigeria and not this one we know

''We''? Speak for yourself please.

People are making it here in Nigeria.

Plus many are leaving their countries and heading to Nigeria for business.

Keep blaming others for your uselessness.


Indians Flood Nigeria As Air Peace Starts Direct Flights, Mumbai - Lagos

See how Indians are fleeing India for Nigeria.

The same India some folks claim is ''doing far better than Nigeria''.

They appreciate Nigeria as the land of opportunity where you can make it if you are are positive, creative, work hard, and believe in yourself and the country.


2 Likes 1 Share

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by habsydiamond(m): 9:18pm On Feb 24, 2021
Could this be real The reporter simply doesn't know anything about this con3... That fall in corruption fall the reporter... Yeye report, yeye reporter.. In my own opinion, corruption is the highest achievement in this country wetin come fall am. Ayam not understanding oo

2 Likes

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by NOwazobia: 9:43pm On Feb 24, 2021
No report, statistics, white washing can brighten the reality of suffering, unemployment, inflation, looting, missing public funds and all that. They have to go and look for a solo reporter, and pay him to do some white washing for them, as the clean and gik they have been using is no longer working.

1 Like

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by Rossnitti: 9:56pm On Feb 24, 2021
NOwazobia:
No report, statistics, white washing can brighten the reality of suffering, unemployment, inflation, looting, missing public funds and all that. They have to go and look for a solo reporter, and pay him to do some white washing for them, as the clean and gik they have been using is no longer working.

Keep dreaming up rubbish in your head. ''Solo reporter'' indeed.

Illiterate talking rubbish.

If you're suffering, get up your lazy ass and do something with your useless life.
Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by tamdun: 10:01pm On Feb 24, 2021
Politicians smiling in crypto grin

1 Like

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by seunmsg(m): 10:01pm On Feb 24, 2021

Growth in domestic product was also supported by the country’s Economic Sustainability Plan, an ambitious set of policies announced by President Buhari’s administration in June 2020 ...

God bless Yemi Osinbajo.

1 Like

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by NOwazobia: 10:09pm On Feb 24, 2021
Rossnitti:


Keep dreaming up rubbish in your head. ''Solo reporter'' indeed.

Illiterate talking rubbish.

If you're suffering, get up your lazy ass and do something with your useless life.
if you are not useless yourself, you won't be shamelessly here trying to absolving a totally economic failed nation under the influence of 30000naira of his failures. You should be ashamed of your dumb head. When other countries give you their economic development report, do you only see it on paper, mumu? Work harder, maybe they will increase your pay or promote you to chief zombie.

2 Likes 2 Shares

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by seunmsg(m): 10:10pm On Feb 24, 2021
Monogamy:
There is indeed fall in corruption

The Budgit report they relied on was rushed and poorly done. They didn’t consider some very important factors before rushing to publish the report.
Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by NOwazobia: 10:18pm On Feb 24, 2021
Rossnitti:


''We''? Speak for yourself please.

People are making it here in Nigeria.

Plus many are leaving their countries and heading to Nigeria for business.

Keep blaming others for your uselessness.


Indians Flood Nigeria As Air Peace Starts Direct Flights, Mumbai - Lagos

See how Indians are fleeing India for Nigeria.

The same India some folks claim is ''doing far better than Nigeria''.

They appreciate Nigeria as the land of opportunity where you can make it if you are are positive, creative, work hard, and believe in yourself and the country.


this mumu don't even know that a country like Nigeria where everything and everyone (especially the northern terrorist and their sympathizers) goes unchecked, where bribe and looting takes preeminence is where expatriate love to settle down, especially when whites are of great value and demand than locals. The mumu don't even know that these Indians are used by politicians as a front for corruption. The Pathetic fool, think that his country is progressing because Indians that looks like the white version of fulanis are coming to his country. LMAO.

1 Like 1 Share

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by SouthNigerian: 10:20pm On Feb 24, 2021
NOwazobia:
if you are not useless yourself, you won't be shamelessly here trying to absolving a totally economic failed nation under the influence of 30000naira of his failures. You should be ashamed of your dumb head. When other countries give you their economic development report, do you only see it on paper, mumu? Work harder, maybe they will increase your pay or promote you to chief zombie.

Correct guy

2 Likes

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by SouthNigerian: 10:26pm On Feb 24, 2021
Rossnitti:
Nigeria Successfully Exits Recession

Euro Reporter

Colin Stevens

24/2/21

https://www.eureporter.co/world/nigeria/2021/02/24/nigeria-successfully-exits-recession/


Nigeria’s economy has bucked a global trend and has successfully exited recession in the fourth quarter of 2020, writes Colin Stevens.

According to data from the country’s National Bureau of Statistics, GDP increased by 0.11% in the period October-December, supported primarily by growth in agriculture and telecommunications, which expanded by 3.4% and 17.6% respectively.

While increased global oil prices contributed to the growth, the figures also demonstrate the increasing importance of the non-crude sector for Africa’s most populous nation and the diversification of the country’s economy. Analysts note that the figures may indicate a sustained period of faster growth, as the world watches on to see which countries achieve a V-shaped recovery following the [covid crisis].

Growth in domestic product was also supported by the country’s Economic Sustainability Plan, an ambitious set of policies announced by President Buhari’s administration in June 2020 ...

Already, the focus on infrastructure and job creation in the agricultural and other labour-intensive sectors have borne fruit, and the Economic Sustainability Plan is soon to enter a new phase, with the installation of solar power in 5 million homes further boosting employment opportunities and access to power.

Femi Adesina, Special Advisor to President Buhari on Media, said “Infrastructure is where Buhari will leave his biggest footprints. Bridges. Rail. Airports. AKK gas pipeline. All to be delivered before the administration exits in 2023.”

In parallel, a new job creation initiative aimed at the country’s youth was launched in January, providing placements for over 700,000 unemployed young people.

Nigeria’s GDP numbers at the end of 2020 challenged the expectations of international organisations as well as global trends. Countries with larger stimulus packages, such as the USA and Japan, saw lower quarter on quarter growth than Nigeria over the period. In Europe, Spain and Germany also experienced unexpected increases of 0.4% and 0.1% respectively, while France’s GDP fell less than was forecast but remained negative.

This week also saw reports that corruption in Nigeria has fallen dramatically, with BudgIT, a civic advocacy organisation focused on budget and public finance issues, reporting the payment of public funds into personal accounts has declined by 94.75 percent.
Exit receasrec Lori iro
grin
Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by Rossnitti: 1:15am On Feb 25, 2021
NOwazobia:
if you are not useless yourself, you won't be shamelessly here trying to absolving a totally economic failed nation under the influence of 30000naira of his failures. You should be ashamed of your dumb head. When other countries give you their economic development report, do you only see it on paper, mumu? Work harder, maybe they will increase your pay or promote you to chief zombie.

You are a failure blaming Nigeria for your failed status.

Is it not in this same Nigeria that INNOSON started by selling spare parts to become the world's biggest black-owned vehicle manufacturer?

If like you, he'd spent all his time blaming and hating Nigeria online, he would be as broke, useless, and worthless as you today.

Is it not in this same Lagos that one small boy established a startup that attracted the attention of Stripe, following which they acquired his company for 200 million dollars cash?

Should I tell you his name, so you can call him and ask him how to use your brain, without blaming Fulanis and Buhari for your uselessness?

Loafer. Go and give more money to Nnamdi Kanu so he can wear more designer clothes while you blame Buhari for your misery.

Walking dunce.

1 Like 1 Share

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by Rossnitti: 1:37am On Feb 25, 2021
seunmsg:


The Budgit report they relied on was rushed and poorly done. They didn’t consider some very important factors before rushing to publish the report.

Mr Expert and critic. Tell us how the report was ''rushed and poorly done''.

Would you have said that, if they claimed corruption in Nigeria had tripled under Buhari?

Don't bother responding.

1 Like 1 Share

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by GamalNasser: 1:43am On Feb 25, 2021
This is clearly a lie
Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by Rossnitti: 2:00am On Feb 25, 2021
GamalNasser:
This is clearly a lie

And you're clearly a dunce.

Lemme see. You have this first-hand, first-rate information based on ZERO research from your verandah or bedroom, challenging the ACTUAL work-based research findings and data analysis conducted by professional organisations.

Damn. When did Nairaland become a haven of school dropouts, touts, and dumbass ignoramuses?

2 Likes 1 Share

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by GamalNasser: 2:08am On Feb 25, 2021
Rossnitti:


And you're clearly a dunce.

Lemme see. You have this first-hand, first-rate information based on ZERO research from your verandah or bedroom, challenging the ACTUAL work-based research findings and data analysis conducted by professional organisations.

Damn. When did Nairaland become a haven of school dropouts, touts, and dumbass ignoramuses?

You are not fooling anyone here
Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by Rossnitti: 2:34am On Feb 25, 2021
GamalNasser:


You are not fooling anyone here

Those with brains will work with the information I provided.

Those without - like you - can continue blaming Buhari, Fulani herdsmen, and 'Nigeria' for your uselessness.

No wahala.

Forum of disgruntled, finger-pointing, lazy school dropouts.

Here is a video of one young girl - most likely your junior - who lived all her life in the UK, but decided to return to Nigeria to start a furniture making business. She's been so successful, and when asked if she wanted to return to the UK, she replied ''never ever''.

People like her are the FUTURE of Nigeria, not you useless professional malcontents.


https://www.youtube.com/watch?v=bYBPvTa8rLk&t=106s

1 Like 1 Share

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by backnbeta(f): 6:00am On Feb 25, 2021
Voodoo economics undecided
Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by maxell(f): 6:16am On Feb 25, 2021
seunmsg:


God bless Yemi Osinbajo.

Amen oo

God bless VP Osinbajo

1 Like

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by orisa37: 6:17am On Feb 25, 2021
What about the latest LOOTS of the FINANCE AND HUMANITARIAN MINISTERS SAGA?
Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by Rossnitti: 6:20am On Feb 25, 2021
backnbeta:
Voodoo economics undecided

Says a compound illiterate and air head.

Any excuse to continue with your olosho duties.

1 Like 1 Share

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by Rossnitti: 6:23am On Feb 25, 2021
orisa37:
What about the latest LOOTS of the FINANCE AND HUMANITARIAN MINISTERS SAGA?

What about the English language module you clearly failed in school and need to retake before hallucinating over ''loots of finance'' and other typed gobbledegook?

Incompetent dropout typing illiterate garbage.

1 Like 1 Share

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by backnbeta(f): 6:37am On Feb 25, 2021
Rossnitti:


Says a compound illiterate and air head.

Any excuse to continue with your olosho duties.
Food for thought:
“The trouble with most of us is that we'd rather be ruined by praise than saved by criticism.”
– Norman Vincent Peale
Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by Rossnitti: 6:51am On Feb 25, 2021
backnbeta:

Food for thought:
“The trouble with most of us is that we'd rather be ruined by praise than saved by criticism.”
– Norman Vincent Peale

Ignoramus. It's not your fault, after all...

Re: Nigeria Exits Recession, Sees Dramatic Fall In Corruption - Euro Reporter by orisa37: 6:56am On Feb 25, 2021
Rossnitti is from SAUDI ARABIA. OIC.

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