₦airaland Forum

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the Nigerian economy was experiencing a positive growth rate of 2.99 per cent, surpassing the 2.3 per cent growth seen in the first quarter of 2024.


Edun made this disclosure during the presentation of his ministry’s performance, one year into the administration of President Bola Tinubu in Abuja on Tuesday, May 27.

According to him, the improvement in economic growth highlights the effectiveness of President Bola Tinubu’s economic strategy.


“This growth in agriculture provides the monetary authority with the leverage needed to stabilize foreign exchange (FX) rates,” Edun explained. “By continuing on this path and intensifying our efforts, we are on track to lift many Nigerians out of poverty,” He said.

The minister, who said that revenue collection had also seen significant improvements, added that it has enabled the government to service its debts without resorting to the Central Bank’s Ways and Means advances, a practice that has previously been a cause for concern regarding fiscal discipline and inflation.

The finance minister emphasized that these positive economic indicators reflect the current administration’s commitment to sustainable economic growth and fiscal responsibility.

https://dailypost.ng/2024/05/28/nigerias-economy-growing-finance-minister-edun/

Wetin him for talk before?

APC and Lies

Fools

Good.

Same of the news that are just bitter for some people to read.

More of them loading though

In this context, there are two types of growth. Negative economic growth and positive economic growth 

For Tinubu, Wale Edun, APC, and their fellow buccaneering power grabbers, it's positive economic growth; their bank accounts have become fatter, but for the common man, it's negative economic growth with its attendant hunger and starvation.

helinues:
Good.

Same of the news that are just bitter for some people to read.

More of them loading though

Enemy of Nigeria, do you mean this?

Ebimpawa ooooo Tinubu werey man

Make una dey play.
I have said it several times that Tinubu's aides are not telling him the truth about the bad economy. Just look at what a minister is saying? Of course Tinubu will believe his lies.

Lizzysamuel:
Enemy of Nigeria, do you mean this?

You better be prepared for global recession after the USA election..

These APC people don't even have regards for Nigerians. How can this man claim the economy is growing? Who cursed Nigeria with this set of leaders?

Beremx:
Make una dey play.
I have said it several times that Tinubu's aides are not telling him the truth about the bad economy. Just look at what a minister is saying? Of course Tinubu will believe his lies.

the same excuse u pple used for Buhari...

"Baba doesn't know what's happening....his aides and minister are lying to him"...lol..

8years has come and gone....another round will soon come.and go.....

It is true but it's a lie