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President Buhari Lauds GDP 5.01% Growth In Q2 2021 - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / President Buhari Lauds GDP 5.01% Growth In Q2 2021 (9549 Views)

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Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by felixnkubi: 8:19pm On Aug 26, 2021
I can't believe we voted this Dundee as president, what is he lauding there? who the 5% help
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by Comedian2019: 8:19pm On Aug 26, 2021
We don hear
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by kolmart: 8:21pm On Aug 26, 2021
Economy growth that didn't transformed into citizens life who are they deceiving? Audio economy growth?
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by deji17: 8:21pm On Aug 26, 2021
Nobody saw that one coming..
Sai Baba!!
Those asking whether na infrastructure dem go chop, I hope its getting clearer.

1 Like

Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by CXLVII: 8:22pm On Aug 26, 2021
dapadawee:

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

Wow!

You sound hurt and pained.

Sorry. The truth is always bitter.
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by decasey(m): 8:26pm On Aug 26, 2021
This man na real ODE grin grin grin
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by Superboss: 8:29pm On Aug 26, 2021
Untill we see inflation rate come down, unemployment reduced, more jobs created etc, all his yarn na academic excercise.
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by NamelessOGBENI(m): 8:32pm On Aug 26, 2021
What this means to the average man on the street be say...


The price of garri don reduce 0.005% for Sokoto Central Market...
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by Muhylonaire007: 8:41pm On Aug 26, 2021
blinking001:
Records are they for all to see. The peoples General works in silence, putting his critics to shame.

You are just a shameless being
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by Rochasstatue(f): 8:43pm On Aug 26, 2021
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
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by Dunamai86(m): 8:49pm On Aug 26, 2021
Nigerians are no longer deceived by this audio or pseudo growth that doesn't put food on the table of a citizen. Check my signatures, there is something amazing on the other side!
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by Naijanascam: 8:53pm On Aug 26, 2021
Opposite growth
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by Aganju849: 8:57pm On Aug 26, 2021
How can GDP grow when half the country is unemployed

Lunatic
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by gulfer: 9:07pm On Aug 26, 2021
Very stable countries with vibrant economies find it difficult to achieve a 5% growth in GDP for just a quarter but here's magician Buhari achieving this..... @Femo Adesina, please ask your oga to give us the body count statistics arising from the insecurity growth too angry angry angry angry angry angry
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by dapadawee: 9:12pm On Aug 26, 2021
CXLVII:


Wow!

You sound hurt and pained.

Sorry. The truth is always bitter.
No hurt nor pain just stating the obvious
U are an unfortunate person
Ask your useless olosho mother and father
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by onuman: 9:20pm On Aug 26, 2021
McStoic:
Are you guys sure that Buhari knows he is the president of this country??
Not sure.
Garba Shehu is the de-facto president.

1 Like

Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by chloride6: 9:21pm On Aug 26, 2021
Buhari please don't destroy the NBS abeg...
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by Immatex(m): 9:27pm On Aug 26, 2021
All motion but no movement.

This government blows little things out proportion to feed their gullible slaves and online miscreants.
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by CXLVII: 9:29pm On Aug 26, 2021
dapadawee:

No hurt nor pain just stating the obvious
U are an unfortunate person
Ask your useless olosho mother and father

You still buttressing the earlier.

You fvcking pained!
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by dapadawee: 9:31pm On Aug 26, 2021
CXLVII:


You still buttressing the earlier.

You fvcking pained!
You think am one of those people that will let you go without telling you to wash your gutter mouth before talking to me.
Product of a prostitute.
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by Nobody: 10:00pm On Aug 26, 2021
Nonsense.. while people still live poorly... inflation hitting up
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by grandstar(m): 10:04pm On Aug 26, 2021
I think the economic spurt might simply be a recovery from the serious lows of caused by the Covid induced recession.

What is sad is that the economy would have been enjoying growth of at least 4.5% yearly if PMB had maintained the flexible exchange rate he met.

Instead, he pegged the exchange rate upon assumption of office. His interference in the exchange rate is the root of the mess the economy is in today.

I had written off the economy once he fixed the rates. It smacked of a lamentable understanding of economics.
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by newoffer: 10:07pm On Aug 26, 2021
Which stupid growth. 10kg semo B4 lockdown was 1800. Now 4600. Growth my foot
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by CXLVII: 10:13pm On Aug 26, 2021
dapadawee:

You think am one of those people that will let you go without telling you to wash your gutter mouth before talking to me.
Product of a prostitute.

Glad I cut a nerve.
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by Arda1000(m): 10:21pm On Aug 26, 2021
blinking001:
Records are they for all to see. The peoples General works in silence, putting his critics to shame.
u no get sense at all
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by Tzar(m): 10:23pm On Aug 26, 2021
Fake figures! When & how did they collect this data?
Nigerians that do only guesstimating. Even most doctors do guesswork on their patients in Nigeria!

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
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by CXLVII: 10:24pm On Aug 26, 2021
dapadawee:

You think am one of those people that will let you go without telling you to wash your gutter mouth before talking to me.
Product of a prostitute.

The United States President knows Buhari, Vladimir Putin knows him, and Emmanuel Macron. Please tell me, do this trio know your father?

Little kid will just come online insulting His Excellence President Mohammadu Buhari (GCFR)

Calling the Number one Man of the Greatest Nation in Africa, a failure.

The joke is on you.
Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by NGpatriot: 10:25pm On Aug 26, 2021
grin grin grin grin grin

Re: President Buhari Lauds GDP 5.01% Growth In Q2 2021 by harisclub: 11:14pm On Aug 26, 2021
Political GDP growth!!! Nothing when Musa no go see for gate

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