NIGERIA: Recession Exit – APC UK Lauds Buhari, Osinbajo – From Jacob Ogunseye

ADVERTISEMENT Global Offer 728x90
Nigerian President Muhammadu Buhari

The All Progressives Congress (APC) in the United Kingdom has described the emergence of  Nigeria from  recession as laudable and noteworthy.

Asia 728x90

The party made this known in a statement to the Press in the earlier hours of today.   According to the statement by Hon. Ade Omole, the party chieftain expressed excitement over the news.

“This is one of the best news coming out from Nigeria; I know that the administration is working tirelessly to restore the economy, now the result is out, it is official, we are no more in recession”, said Omole.

From the figures released  by National Bureau of Statistics (NBS), the Nigerian economy has finally exited the recession.  Data on the country’s Gross Domestic Product (GDP) shows growth rate at 0.55 per cent in the second quarter (Q2) of 2017.

Omole urges Nigerians to put aside politics and get behind the leadership of President Muhammadu Buhari who has shown reliability and sustenance in governance.

“President Muhammadu Buhari remains the best option for Nigeria today, his determination to bring Nigeria out of the mud created by past administrations should be met with encouragement, Nigerians should value this administration, they are doing well, it is not easy to bring a country out of  recession most especially when it is self-inflicted like ours”.

Another chieftain of the party, Barrister Joseph Adebola described the exit of  Africa’s largest economy out of recession as a turning point for Nigeria.

“Without mincing words, this is a turning point for our country; I congratulate President Muhammadu Buhari and Vice President (Prof.) Yemi Osinbajo on this giant stride.  The fact is that APC did not take Nigeria into recession.  Despite this fact, the party has laboured day and night to ensure that the country is back on the economic growth radar; this shows that the duo has what it takes to usher Nigeria to the promise land.

Adebola asks Nigerians to work together and sustain the prevailing peace in the country noting that a country can only grow in a peaceful atmosphere.

“As the economy resumes growth, definitely, every other thing will follow, jobs will be created (and the country) will be put on the pedestal of growth”.

The legal adviser for APC UK, Barrister Arinola Lucas said, “The Buhari administration would have to sustain the growth in the country as they continue to deliver on the campaign promises”.

Chieftain Chris Onumonu of APC UK also commented, “We are happy at the recent economic development. President Buhari and (his) team should be encouraged to do more”.

The NBS had explained that Nigeria’s economic recovery was driven principally by the performance of four main economic activities comprising oil, agriculture, manufacturing, and trade.

The results revealed that Oil GDP recovered significantly from -11.63 per cent in Q2 2016 and -15.40 per cent in Q1 2017 to 1.64 per cent in Q2 2017.