₦airaland Forum

Fact of the matter is that even if Buhari is provided with a trillion dollars budget every year for the next 10 years. , at the end , we will still be talking about grazing routes and Fulani Herdsmen! His 8 years will end as an enermous waste that the country may never recover from. The man is obviously empty and the job is way above his pay grade. A man can't give what he doesn't have..

An increase that doesn't reflect on the citizenry!
SMH


@SENIORWRITER

obi4eze:


Imagine!
These figures make no sense. What's the employment rate? What's the inflation rate? How many people live on more than 1 USD per day? What's the foreign exchange rate? What about foreign direct investment?

These people should stop telling lies and insulting our sensibilities.

May God help us

They thought they are ruling dumb citizens, little wonder they rarely care about education.

The service sector, specifically, recorded its strongest performance in more than a decade, growing at 9.27%.


Things are looking up

What of the killing spray going on in Jos Or as you just react everything will go back to normal and the blood littered on the street forgotten ... coward

presidency:
PRESIDENT BUHARI LAUDS GDP 5.01% GROWTH IN Q2 2021

President Buhari welcomes today’s Q2 2021 report by the Nigerian Bureau of Statistics, showing a third consecutive quarter of positive growth of Nigeria’s economy, as well as the highest quarterly growth in GDP since 2014.

The Gross Domestic Product (GDP) grew by 5.01% in Q2 2021 following 0.51% growth in Q1 2021. This growth, which continues the progress of the preceding two quarters, is a continuing trend reflecting Nigeria’s economic rebound following the COVID-19-induced contractions seen in Q1 and Q2 2020.

The non-oil sector is a significant contributor to the economic performance in Q2 2021 with growth of 6.74% in real terms, the fastest growth in the sector since the third quarter of 2014. The contribution of the non-oil sector to GDP increased from 91.07% in Q2 2020 to 92.58% in Q2 2021.

The President commends managers of the economy for hard work and commitment, urging them to keep at it till the positive development “touches the lives and pockets of the average Nigerian.”

The main drivers of the Q2 2021 economic growth include Trade, Information and Communication (mainly Telecommunications), Transportation, Electricity, Agriculture (Crop Production) and Manufacturing.

The service sector, specifically, recorded its strongest performance in more than a decade, growing at 9.27%.

These main growth drivers of this second quarter performance are reflective of the gains from easing restriction of movement locally and internationally, and the improvement in the business and economic environment compared to the same period in 2020.

The President notes the decline in real growth in the oil sector in Q2 2021, compared to a year ago. Oil production levels were at 1.62million barrels per day, compared to 1.67million barrels per day in Q2 2020. The lower production output as well as the volatility in oil prices since the beginning of the COVID-19 pandemic, is responsible for the decline in performance of the oil sector.

President Buhari assures that recent reforms and efforts like the conclusion of the Marginal Fields Bid Round, the renewed focus on gas development (including the NLNG Train 7 project, and various pipeline construction projects) as well as the passage and assent to the Petroleum Industry Bill (PIB), are certain to attract new investment to the oil and gas sector, and create conditions for more robust levels of growth in the future.

It is gratifying to note that the various policies of the administration, aimed at boosting agricultural production, improving the business environment, and investing massively in infrastructure, are beginning to yield fruit. Equally gratifying is the complementary news of the steady decline in the rate of inflation, over the last few months.

The positive effects of the Economic Sustainability Plan (ESP), which helped fast-track the country’s exit from the COVID-induced recession of 2020, continue to be evident, as some of the sectors driving the Q2 2021 growth have benefited or are benefiting from government-led interventions.

The successful roll-out of vaccines and COVID-19 protocols has also helped to reduce pressures on the healthcare system and the need for a lockdown.

Looking to the future, the President assures Nigerians that there is much to be optimistic about. He assures that the investments in agriculture and infrastructure will continue, as will on-going efforts to achieve a significant improvement in the security situation across the country.

“There is no doubt that a more secure environment - which the security agencies are working hard to achieve - will spur and energize the shoots of economic progress being seen and felt in the country,” the President said.

Femi Adesina
Special Adviser to the President
(Media and Publicity)
August 26, 2021

Lets assume the non-oil sector to be BANDITRY and TERRORISM....my brothers buhari is right on this, cos this is the only sector outside crudeoil that is growing exponentially. Infact NBS should recheck the stats, it should be more than 5.1%

Laughing

Buhari is a failure

Him dey loud am, na him doing?

So Yemi kale was sacked so they can start manufacturing fake statistics

History555:
Somebody help adeshina interprete the report

Don't mind the idiots

As if he knows what they are talking about

GDP 5.01% growth kill poo"hari dia.

Graxie:
You keep using stupid economic achievement to cover up killings by Fulani terrorist.

Shame on you guys, blood sucking demons.

The man doesn't even know what they are talking about.

1303t:
[s][/s]

you are doing a fantastic job . Keep it up

olawalepopoola:
Buhari - May you and your children experience the growth Nigeria is experiencing now in Jesus' Name

Why do you hate good news.

dapadawee:
Buhari is a failure

Let's accept he is a failure and luckily rose to the position of a General and President of a Nation.

What then can we call your dad who is a nobody in Nigeria?

Mugu

Yes. Gradually, we are getting there. Children of hate notwithstanding....

Should we tell him?

presidency:
PRESIDENT BUHARI LAUDS GDP 5.01% GROWTH IN Q2 2021

President Buhari welcomes today’s Q2 2021 report by the Nigerian Bureau of Statistics, showing a third consecutive quarter of positive growth of Nigeria’s economy, as well as the highest quarterly growth in GDP since 2014.

The Gross Domestic Product (GDP) grew by 5.01% in Q2 2021 following 0.51% growth in Q1 2021. This growth, which continues the progress of the preceding two quarters, is a continuing trend reflecting Nigeria’s economic rebound following the COVID-19-induced contractions seen in Q1 and Q2 2020.

The non-oil sector is a significant contributor to the economic performance in Q2 2021 with growth of 6.74% in real terms, the fastest growth in the sector since the third quarter of 2014. The contribution of the non-oil sector to GDP increased from 91.07% in Q2 2020 to 92.58% in Q2 2021.

The President commends managers of the economy for hard work and commitment, urging them to keep at it till the positive development “touches the lives and pockets of the average Nigerian.”

The main drivers of the Q2 2021 economic growth include Trade, Information and Communication (mainly Telecommunications), Transportation, Electricity, Agriculture (Crop Production) and Manufacturing.

The service sector, specifically, recorded its strongest performance in more than a decade, growing at 9.27%.

These main growth drivers of this second quarter performance are reflective of the gains from easing restriction of movement locally and internationally, and the improvement in the business and economic environment compared to the same period in 2020.

The President notes the decline in real growth in the oil sector in Q2 2021, compared to a year ago. Oil production levels were at 1.62million barrels per day, compared to 1.67million barrels per day in Q2 2020. The lower production output as well as the volatility in oil prices since the beginning of the COVID-19 pandemic, is responsible for the decline in performance of the oil sector.

President Buhari assures that recent reforms and efforts like the conclusion of the Marginal Fields Bid Round, the renewed focus on gas development (including the NLNG Train 7 project, and various pipeline construction projects) as well as the passage and assent to the Petroleum Industry Bill (PIB), are certain to attract new investment to the oil and gas sector, and create conditions for more robust levels of growth in the future.

It is gratifying to note that the various policies of the administration, aimed at boosting agricultural production, improving the business environment, and investing massively in infrastructure, are beginning to yield fruit. Equally gratifying is the complementary news of the steady decline in the rate of inflation, over the last few months.

The positive effects of the Economic Sustainability Plan (ESP), which helped fast-track the country’s exit from the COVID-induced recession of 2020, continue to be evident, as some of the sectors driving the Q2 2021 growth have benefited or are benefiting from government-led interventions.

The successful roll-out of vaccines and COVID-19 protocols has also helped to reduce pressures on the healthcare system and the need for a lockdown.

Looking to the future, the President assures Nigerians that there is much to be optimistic about. He assures that the investments in agriculture and infrastructure will continue, as will on-going efforts to achieve a significant improvement in the security situation across the country.

“There is no doubt that a more secure environment - which the security agencies are working hard to achieve - will spur and energize the shoots of economic progress being seen and felt in the country,” the President said.

Femi Adesina
Special Adviser to the President
(Media and Publicity)
August 26, 2021

You're a very shameless man and a disgrace to the Yoruba tribe Mr Femi the terrorists asslicking MUdafVcka

Sachet tomatoes that sells for #50 is now #100
Bread that costs #150 now 250, fresh fish of #250 now #450-#500. A cup of garri, here #100, a cup of beans #150, A cup of groundnut usually #70, now 150.
A small ball of akara, #50. Few numbers (7) of seed tomatoes #100 (I was using #100 seed tomatoes to make stew during service in 2014).
Small cut of meat #300

All Nations bread usually #250, now #400.



Is this growth? Growth that has adverse effects on the general public

Nothing like one Nigeria except it is one for just few individuals. Those who support them are suffering more but will come on here to claim "James bond"

Does the lifeless jihadist understand what GDP is?

Anyway we are not surprise, the Hypnotized Femi Adesina said and wrote this on his behalf

Does Buhari understand the meaning of GDP?

If not the yahoo guys that help to bring foreign currencies back into the country

blinking001:
Records are they for all to see. The peoples General works in silence, putting his critics to shame.

CXLVII:
Why do you hate good news.

michoim:
Yes. Gradually, we are getting there. Children of hate notwithstanding....

As I pointed out in the other thread:


The news should be "5%" FROM WHERE in accordance with previous growth numbers. 5% growth from 0.1% previous growth or even an earlier - 3% decline is not impressive.

I mean, from the article itself:

“The Q2 2021 growth rate was higher than the -6.10% growth rate recorded in Q2 2020 and the 0.51% recorded in Q1 2021 year on year, indicating the return of business and economic activity near levels seen prior to the nationwide implementation of COVID-19 related restrictions.

Buhari literally has the worst recorded economic performance per tenure out of any president since the start of the democratic era:

"GDP performance of Nigeria’s Presidents since 1999

Olusegun Obasanjo, 1999-2007 ( 6.95%)

According to data from Nairalytics, under Olusegun Obasanjo, Nigeria’s first democratically elected president since the return to democracy in 1999, the economy grew by just 0.58% in his first year of presidency. Its highest rate of 15.33% was achieved in 2002. In his final year as president (2007), GDP growth was 6.59%. Obasanjo’s presidency averaged a GDP growth rate of 6.95% during his 8 years in office.

Under Obasanjo’s presidency, Nigeria experienced private sector reforms in telecoms, banking, and pension administration. His government also laid the foundation for other market reforms carried out by subsequent Nigerian presidents.

Umaru Musa Yar’Adua, 2008-2010 (7.98%)

The late Yar’Adua’s presidency witnessed a period of the large commodities boom, the 2008 financial market crash which left Nigeria largely unharmed, and a reversal of the sale of NNPC refineries, due to lack of transparency in the process.

Economic growth in 2008 was 6.76%. In 2010, it hit a peak of 9.13%, averaging 7.98% for Yar’Adua’s short time in office.



Goodluck Ebele Jonathan, 2011-2015 (4.80%)

GEJ took over as president after the death of his predecessor in 2010 and was later elected President in 2011. His presidency saw the rollout of reforms including fuel deregulation which was hit by the “#OccupyNigeria” protests, and also the successful implementation of the first phase of Nigeria’s reforms, which saw the deregulation of Distribution and Generation of PHCN assets into the GenCos and DisCos of today (transmission is still in the hands of the Transmission Company of Nigeria, which distributes the power to DisCos nationally).

Jonathan’s 2011 presidential year saw economic growth at 5.31%. The highest growth rate was 6.22% recorded in 2014. Nigeria’s GDP growth averaged 4.80% under his leadership, from 2011 to 2015."

Muhammadu Buhari, 2016-2020 (0.31%)

"Buhari’s administration historically signified the transfer of leadership to an opposition party in Nigeria’s democratic history, an election where promises to diversify the economy from crude oil were made, alongside others.

For several reasons, the administration has fallen short of its promises although it has scored fairly good points in social welfare schemes executed under the National Social Investment Programme (NSIP). Notable among these programs are the National Home-Grown School Feeding Programme (NHGSFP); N-Power program aimed at creating jobs for 1 million beneficiaries; GEEP programme to provide loans to an additional 1 million traders, farmers and market people; and the Social Register, to accommodate an additional 1 million households. Others include the TRADERMONI, MARKETMONI, FARMERMONI, MSME Survival Fund, and N75 billion National Youth Investment Fund (NYIF).

Under the Buhari administration, the economy has experienced rising food inflation and currency inflation which have seen Nigeria’s GDP per capita fall to the level it was 40 years ago.

His 2016 presidential year experienced a decline of -1.58%. The highest growth thus far is 2.27% recorded in 2019. Although his administration ends in 2023, from his arrival in 2016 to 2020, GDP growth under his leadership averaged 0.31%."

https://nairametrics.com/2021/05/21/gdp-performance-of-nigerias-presidents-since-1999/

Rochasstatue:
Baba to the world!!!!!
Competence no be by masquerading, it's by taking simple, transparent steps.
More energy my President.
More death to ipob and pdp

The same PDP where Buhari is performing substantially worse economics-wise than each of their presidents?

Dullard! As if he knows what GDP stands for.

the fake figure u r cooking up.

the day Lia Mohameed attacked NBS for posting stats that is not favouring government was the day I knew, NBS data will not be accurate again.

All parastatals have stopped functioning so as not to offend the dictator in office.

They are printing naira with no value to back it. No TV station dare report it.

Trust this 5% gain at your own peril.

We have no government again...All systems have crashed. Inflation rate is at 60%. No one dare report it on live media.

CXLVII:
Let's accept he is a failure and luckily rose to the position of a General and President of a Nation.

What then can we call your dad who is a nobody in Nigeria?

My dad is general or I do ta my dad is a force to be reckon with google oridota and I will send you his picture so who is your dad you this son of a terrorist bastard its not your fault you buy uk used phone 3500 and its me u want to mess up with.
Ask your father how many of his colleagues Bleep your mother or u think he just sent her out without a reason. I pray your father successfully contribute the money to test your dna before you know you're a bastard child of a prostitute woman who have no hope of reaping her labor

Bravo!



What a feat!



Bubu deserves an accolade!




I was thinking cows would top the list!



Keep deceiving yourselves with figures manipulated by the NBS under duress!



Go to the streets!



The real statistics are there not some concocted figures!

The presidency is just flexing leaving Nigeria problems to solve itself.