₦airaland Forum

After contracting for five consecutive quarters, the Nigerian economy in the third quarter of 2017 was declared recession free, data on the country’s gross domestic product growth by the National Bureau of Statistics showed that the economy grew at 0.55 per cent in the second quarter of 2017.

This was followed by the federal government’s executive orders to drive the key sectors of the economy, the consensus out there is that a lot of the changes that have happened are only on papers but not far-reaching.

Speaking with a cross-section of experts, they expressed mixed feelings over the numerous policy pronouncement of the federal government in the last 12 months, especially as it concerns ease of doing business.

In the view of Chief Cyprian Arinze, a haulage contractor, the Executive Order if anything amount to putting the horse before the cart. “If the government takes care of the roads, we can achieve over 95% Ease of Doing Business. Without this, we will just be going round and round the circles.”

Echoing similar sentiments, Chief Remi Ogungbemi, Chairman, Association of Maritime Truck Owners (AMATO) argued matter-of-factly that the Executive Order is far from a reality as basic infrastructure aimed at turning things around at the ports are still missing.

To achieve the much hyped executive orders mandate, he would rather a deliberate measure to build truck terminals. “I want to use this avenue to appeal to the concerned authorities to see what they can do because things are in terribly bad shape right now.”

In his assertion, Austin Okere, the Founder and Entrepreneur-in-Residence at the Ausso Leadership Academy, an ideas incubation company express worry that the Economic Recovery Growth Plan laudable as it is already suffering from inertia associated with government policies.

“I think the problem we have is that we run election economics. Great men think about the next generation but politicians think about the next election. And insofar as the economy is about amassing enough money to manoeuvre or win the elections by all means, then another four years, we go back to the same square, then if a new government comes in, it starts exposing saying oh, look at the money that was amassed and they say it was for election and say, ok. The point is insofar as we continue to run election economics; we’ll be where we are. In an election year, a lot of time and resources are wasted. So we only have two productive years and if you’re not lucky, the new government comes and rollback everything that has been achieved, it becomes a problem.”

Expectedly, the government on its part seems to be convinced that it has performed commendably well thus far. David Uzosike, the Reform Lead, Presidential Enabling Business Environment Council/Enabling Business Environment Secretariat with the mandate to lead, coordinate, research and identify the constraints to ease of doing business in Nigeria, in an interview said a lot have been achieved.

“If you’ve been following our communication, especially looking at our website, you’ll see all the reforms and impacts we have achieved from the Ease of Doing Business perspective. And when you talk about the Executive Orders specifically, we can say there has also been some traction in that area.”

While acknowledging that infrastructure gaps exists, Uzosike said, a lot has also been done to make documentation process at the port seamless.

“Truth be told, a lot has changed. For instance, where you used to have 14 documents for inspection, it’s now eight and where you used to have all the agencies inside the ports, with each of them coming one after the other to inspect containers; it has changed. Now all the agents operate with one single window. There are no more multiple points of inspection. So these are things that are really in practice.”

https://www.financialwatchngr.com/2018/05/06/nigerias-economic-recovery-happens-only-on-paper-experts/

Mynd44, Lalasticlala, Seun

Nigerians are nw begging for basic amenities,nt too long ago in my village people literally beg u to follow them home just to serve u food or drink or both,we nw live on sweet memories.
I pity those who don't how messd up this country has become.

One handsome guy
stopped me at romuokoro and told me that he
Was looking for
GOOGLE PLAY STORE.
I asked him Google Playstore how?
He said his WhatsApp stopped working and his
neighbour told him to go to Google Playstore and download a
new one.
Anyway as a good Samaritan I told him Playstore is no
longer in romuokoro, but they have relocated to Owerri
I then put him in a bus going to Owerri.
He was wearing an APC T-Shirt with Buhari and Yaya Bello PIC on it. ������.
Hope I have not done bad?

sorom4:
One handsome guy
stopped me at romuokoro and told me that he
Was looking for
GOOGLE PLAY STORE.
I asked him Google Playstore how?
He said his WhatsApp stopped working and his
neighbour told him to go to Google Playstore and download a
new one.
Anyway as a good Samaritan I told him Playstore is no
longer in romuokoro, but they have relocated to Owerri
I then put him in a bus going to Owerri.
He was wearing an APC T-Shirt with Buhari and Yaya Bello PIC on it. ������.
Hope I have not done bad?

Chai see person way wan help better nt send any other innocent APC goon to Owerri,see how u stressd that handsom guy,don't u knw he's some1s' bubu, anyways he was even smart enough to ask us in the bus,i took him to another park paid n boarded him a bus going to kano i heard that's where there new office is.

We told them that, the masses would be the ones to say if the recession is over...

Thank you for some factual truth, the lies are becoming overbearing.

Instead of the national Assembly to impeach the illiterate President, they're there feeling sorry for him.

APC has loaded our heads with so much lies we start to echo the same shit!


There is no party that can rescue Nigeria..... We need something revolutionary and this kill and chop politics in isn't going to get us there!

I beg to disagree

Nigeria don't need Buhari to develop.

They're practising voodoo economics!

Its a shame that after 3 years in power apc has nothing positive to campaign with for 2019.

where Nigeria was able to overcome Abacha and his ruthless regime of corruption, the same way Nigeria will overcome this Buhari led corrupt government.. Nigerians will survive without them wicked leaders

Paper is too much sef.. Nigeria economic recovery is happening only on sand jare

My main source of economic status is nairaland's front page. Yesterday there were at least 10 recruitment threads on the front page, just like it was 2010- 2014. Yes the economy is growing

The recession was concrete but the recovery is abstract.

Nigeria is out of recession...


We will vote buhari 2019.


Nothing haters can do

I think the problem we have is that we run election economics. Great men think about the next generation but politicians think about the next election. And insofar as the economy is about amassing enough money to manoeuvre or win the elections by all means, then another four years, we go back to the same square, then if a new government comes in, it starts exposing saying oh, look at the money that was amassed and they say it was for election and say, ok. The point is insofar as we continue to run election economics; we’ll be where we are. In an election year, a lot of time and resources are wasted. So we only have two productive years and if you’re not lucky, the new government comes and rollback everything that has been achieved, it becomes a problem.”

This is one of the reason why we need Oduduwa republic

izombie:
Its a shame that after 3 years in power apc has nothing positive to campaign with for 2019.

They've blame games to compaign with.