The vice president confirmed a temporary decline, saying it also indicated an hopeful expectation in the country's economic trajectory.
A government statement released by Laolu Akande, Senior Special Assistant-Media & Publicity In the Office of the Vice President Besides said: “the growth recorded in the agriculture and solid mineral sectors, the Nigerian economy in response to the policies of the Buhari presidency is also doing better than what the IMF had estimated with clear indications that the second half of the year would be even much better.
“The Buhari presidency will continue to work diligently on the economy and engage with all stakeholders to ensure that beneficial policy initiatives are actively pursued and the dividends delivered to the Nigerian people.
"The just recently released data from the National Bureau of Statistics showed that Gross Domestic Product declined by -2.06% in the second quarter of 2016 on a year-on-year basis.
A close look at the data shows that this outcome was mostly due to a sharp contraction in the oil sector due to huge losses of crude oil production as a result of vandalisation and sabotage.
However, the rest of the Q2 data is beginning to tell a different story. There was growth in the agricultural and solid minerals sectors which are the areas in which the Federal Government has placed particular priority. Click to signup for FREE news updates, latest information and hottest gists everyday
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Pastor continue to lie because of your selfish political interest and the worldly material things there of. When you meet your Creator (GOD) you can also lie to him because you thing that you are smart. Olosi were ni ye! Pastor ko! Pastor Ni! If you mount the pulpit on Sunday tell them that Jonathan and PDP 16 years or that Lord Lugard should be blamed for the current problem of Nigeria. APC is a total disaster and has became a cause to Nigeria. May God save us from their hand.
ReplyDeleteMY FRIEND STOP DENYING THE TRUTH... THE ECONOMY IS SERIOUSLY GOING OFF OIL.WHICH IS A REMARKABLE IMPROVEMENT
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