The Federal Government on Thursday said
the nation had witnessed improvement in the global Gross Domestic
Product ranking from number 44th in 2010 to 36th in 2012 and had
recorded significant improvements in economic fundamentals as a result
of the reform embarked upon by it.
While calling on Nigerians in the
Diaspora to bring their investments home and assist in improving the
country’s Foreign Direct Investment, the government also claimed that
the economy grew by about 6.6 per cent last year.
President Goodluck Jonathan, who was
represented by Vice-President Namadi Sambo, said this while declaring
open the 6th National Diaspora Day Conference organised by the Office of
the Secretary to the Government of the Federation in Abuja.
The conference had as its theme, ‘Diaspora Nigerians –Agents of investment and development.’
“We have further reduced our fiscal
deficit in the 2013 budget to 1.81 per cent of the GDP and significantly
cut domestic borrowing,” Jonathan said.
The 6.6 per cent economic growth, he said, was by far one of the fastest growth rates obtainable worldwide.
He also applauded Nigerians in the
Diaspora, who had responded positively to the call for greater
involvement in the nation building process, adding that they should be
very proud for their remittances and investments in Nigeria’s
fast-growing stock market, real estate and other business ventures.
The President said, “We are creating an
enabling environment to attract both foreign and local investors into
the country. Nigerians in Diaspora must now respond positively to the
invitation to come home and contribute to the development of this
nation.
“As a concrete step towards achieving
our objectives, this year’s Diaspora conference should be greatly
focused and result-oriented. The success of countries such as India,
China, Pakistan, Thailand and the Philippines, which have strategically
engendered the Diaspora as a mechanism to accelerate national
development, is an excellent model for us to understudy.
“The Indian experience, in particular,
has shown that Diaspora communities are important sources of Foreign
Direct Investments, trade linkages, knowledge and technology transfer.
Having lived abroad and embraced international best practices, Nigerians
in Diaspora possess the requisite experience, expertise and contacts to
contribute to all facets of our national life.
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ReplyDeleteGrowth indeed......who is fooling who?. T.J.
ReplyDeleteHmmm check the GDP very well, you quote the information wrong, is not in nigeria. Cos provided that you are not in the system, nigeria might have reach more than stated percent.
ReplyDeleteHow has the stupid growth affected the common man? Who ever is giving us the information must be very stupid. What has happened to our foreign reserve? Why is this useless government borrowing money from world bank? USELESS LEADERS!
ReplyDelete