₦airaland Forum

ATIKU ALL THE WAY

Senators at loggerheads over $3.5 billion NNPC subsidy fund
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When are we going to realize privatization is the only way to go, just national theater in Lagos is a task for successive govt to maintain, just imagine NITEL was in charge of telecoms??


quote author=FocusedDiva post=75957328]BUHARI FOR SECOND TERM

Civil Servant or Public Servant should think twice before casting their VOTE. One factor is that at least 70% of ALLOCATION to STATES comes from NNPC.

IF eventually NNPC is sold to ATIKU's friends as promised, definitely your SALARY has being sold off, your JOB has being sold off. Think deeply. Thanks.

~Retired Biafran Army "Chinedu Madu" caution civil servant.

This election has the following in built factors:
The licenses of DISCOS have expired and the PMB’s government is to allow more companies to come in.


The OIL prospecting licenses of the Generals have expired and PMB is set to allocate them to the States for infrastructural development and thirdly and the most important the monopolistic license issued to INTELS with an annual revenue of N300 billion will expire in 2020 and PMB will not renew it. This has been the mainstay of Atiku. Wike and Secondus are also beneficiaries.

Therefore the elections is between the masses and those who have cornered our commonwealth.

If you are not their friend and you are supporting them without verifying these expiry dates of their economic dominance you have to think twice.

God bless Nigeria[/quote]

aminulive:
@POLITICSNGR

Below is a statement from the Nigerian Presidency signed by Spokesman, Femi Adesina;

"The Fourth Quarter 2018 Gross Domestic Product (GDP) results released recently by the National Bureau of Statistics (NBS) give lots of cause to cheer.

Below are salient points to note from the report, as the Muhammadu Buhari administration puts the Nigerian economy on firm, solid footing:

1. The economy has recorded continued progress since it emerged from recession in 2017. Current result shows a Real GDP growth of 2.38% compared to 1.81% in Q3 last year, representing the strongest growth since the economy slipped into recession in 2016.

2. For more than five decades, Nigeria has paid lip service to diversifying the economy, from sole dependence on oil. The latest result shows that economic growth has continued to be driven by the non-oil sector, which grew by 2.70% in Q4 2018, up from 2.32% in Q3 2018. It represents the strongest growth in the sector since Q4 2015.

3. The non-oil GDP growth was driven by Quarrying and Other Minerals, followed by Telecommunications, Agriculture, Manufacturing, and Construction. That is diversification in progress, real time, no matter what the naysayers may say.

4. While the non-oil sector actually drove GDP growth, the oil sector contracted with crude oil and gas GDP reducing by -1.62%. This shows that with good governance, focus, prudence and accountability, the life of the country need not depend on oil ad infinitum.

5. The NBS report further shows that Services GDP growth recorded its best performance in 11 quarters, growing by 2.90% compared to 2.64% in Q3 2018 and 0.10% in Q4 2017. Overall, while growth in the economy was moderated by the contraction in the oil sector, 39 out of 46 economic activities recorded positive growth in the quarter under review.

6. The improved GDP growth can be attributed to Government's continuous implementation of the policy initiatives in the Economic Recovery and Growth Plan (ERGP), which has boosted the performance of the non-oil sector.

7. The growth in Q4 2018 GDP is consistent with the improvements in other macroeconomic indicators, including inflation, capital inflows, foreign trade, external reserves, amongst others.

8. Headline inflation has been trending downwards from 18.55% as at December 2016 to 15.37% in December 2017 and further to 11.44% in December 2018.

9. The total value of capital importation into Nigeria stood at $2,140 million in the fourth quarter of 2018. This translates to a full year capital inflow of $16,812 million compared to $12,228 million in 2017.

10. Although the economy is now growing, more still must be done to deepen its diversification and make it less vulnerable to external shocks. That is an unflinching commitment of the Muhammadu Buhari administration.

Those who do not see any good in something not initiated by them toil endlessly to hoodwink Nigerians into believing that nothing good is happening on the economic front. But facts are stubborn things. The more they try to deny the facts, the more they rudely stare at them in the face.

With the Buhari administration, economic Eldorado beckons. Nigeria is inexorably set for that Next Level.

https://politicsngr.com/presidency-lists-10-things-know-nigerias-economy/

Lying APC as usual. Where are the signs of growing economy in Nigeria?

Let president Buhari become Agriculture Minister, instead of Petroleum Minister, if oil is no more the main source of revenue for Nigeria.

the true is that the daura cow have opened the boarder he closed few weeks to election

.

Peaceontome247:
Thank you Sai baba

4 +4 is a GAOL

U know say gaol and goal no be the same thing.

Sai Baba dey go gaol be that

Economists and accountants in the house,please what can be done to make Nigeria naira equal U.S dollar ? Please I need to be enlightened.

The inflation aspect is interesting and encouraging!!! Still some agent of hatred will still fault economic team of this administration, which is strange indeed!!!!

I have been asking myself are we Nigerias still thinking?
Till next week I will have the answer.

aminulive:
@POLITICSNGR

Below is a statement from the Nigerian Presidency signed by Spokesman, Femi Adesina;

"The Fourth Quarter 2018 Gross Domestic Product (GDP) results released recently by the National Bureau of Statistics (NBS) give lots of cause to cheer.

Below are salient points to note from the report, as the Muhammadu Buhari administration puts the Nigerian economy on firm, solid footing:

1. The economy has recorded continued progress since it emerged from recession in 2017. Current result shows a Real GDP growth of 2.38% compared to 1.81% in Q3 last year, representing the strongest growth since the economy slipped into recession in 2016.

2. For more than five decades, Nigeria has paid lip service to diversifying the economy, from sole dependence on oil. The latest result shows that economic growth has continued to be driven by the non-oil sector, which grew by 2.70% in Q4 2018, up from 2.32% in Q3 2018. It represents the strongest growth in the sector since Q4 2015.

3. The non-oil GDP growth was driven by Quarrying and Other Minerals, followed by Telecommunications, Agriculture, Manufacturing, and Construction. That is diversification in progress, real time, no matter what the naysayers may say.

4. While the non-oil sector actually drove GDP growth, the oil sector contracted with crude oil and gas GDP reducing by -1.62%. This shows that with good governance, focus, prudence and accountability, the life of the country need not depend on oil ad infinitum.

5. The NBS report further shows that Services GDP growth recorded its best performance in 11 quarters, growing by 2.90% compared to 2.64% in Q3 2018 and 0.10% in Q4 2017. Overall, while growth in the economy was moderated by the contraction in the oil sector, 39 out of 46 economic activities recorded positive growth in the quarter under review.

6. The improved GDP growth can be attributed to Government's continuous implementation of the policy initiatives in the Economic Recovery and Growth Plan (ERGP), which has boosted the performance of the non-oil sector.

7. The growth in Q4 2018 GDP is consistent with the improvements in other macroeconomic indicators, including inflation, capital inflows, foreign trade, external reserves, amongst others.

8. Headline inflation has been trending downwards from 18.55% as at December 2016 to 15.37% in December 2017 and further to 11.44% in December 2018.

9. The total value of capital importation into Nigeria stood at $2,140 million in the fourth quarter of 2018. This translates to a full year capital inflow of $16,812 million compared to $12,228 million in 2017.

10. Although the economy is now growing, more still must be done to deepen its diversification and make it less vulnerable to external shocks. That is an unflinching commitment of the Muhammadu Buhari administration.

Those who do not see any good in something not initiated by them toil endlessly to hoodwink Nigerians into believing that nothing good is happening on the economic front. But facts are stubborn things. The more they try to deny the facts, the more they rudely stare at them in the face.

With the Buhari administration, economic Eldorado beckons. Nigeria is inexorably set for that Next Level.

https://politicsngr.com/presidency-lists-10-things-know-nigerias-economy/

What’s the benefit of this junk to the common man on the street. The economy is gloomy and dark not because there aren’t minor improvements bt there is not real perception of hope and progress. The leadership style of the presidency can not inspire hope, growth or true progress.


The next level will only remain a phantom and mirage because of the style of leadership. Apc has lost all its Goodwill and it’s not getting any better.

shachris05:
Which rising economy? Nigeria's economy that has shrunk by over 20% since goodluck left office in 2015.

Checkout our latest GDP data as released by NBS.

now look at what you post the largest drop in the GDP was from 2014 to 2015 when goodluck was still your president. About 4.0

rkennyking:
now look at what you post the largest drop in the GDP was from 2014 to 2015 when goodluck was still your president. About 4.0

last drop in GDP was in 2015 sir.

shachris05:
last drop in GDP was in 2015 sir.

and you think that is a fiscal tenure of buhari ... The budget of 2015 was by who?? And more