Skip to main content

APC Lists Buhari’s Achievements Despite Report Of Economic Recession

Following the statistics released by the National Bureau of Statistics, NBS, which painted the country’s economy since President Muhammadu Buhari assumed office in bad light, the All Progressives Congress, APC, yesterday listed the achievements so far recorded under the leadership of the President Buhari.
Recall that NBS had had on Wednesday released its quarterly report which confirmed that Nigeria is in recession.

The report had indicated an alarming decrease in the Gross Domestic Product, GDP, and increase in inflation and unemployment figures since Buhari assumed the mantle of leadership.

Reacting to the report, the party in a statement signed by its national scribe, Mai Mala Buni, assured Nigerians that the Buhari-led administration remained committed to resuscitating the economy in the quickest possible time and in the best interest of the people.

Listing the achievements so far recorded under the current administration, Buni said the nation was well on the path to quick economic recovery.

Accord to Buni, “The President Muhammadu Buhari administration has embarked on well- thought economic agendas, policy actions, appropriate fiscal, governance, and socio-political reforms to revamp the economy and tackle the nation’s current challenges in the short to long term.

“Under the new flexible foreign exchange policy introduced by the Central Bank of Nigeria (CBN) in June 2016, we now have a single market-determined exchange rate which enables suppliers of foreign currencies to bring in their money and take the same out at market-determined rates.”

APC’s scribe stated that the new foreign exchange policy being implemented will ensure the “economy recovers in the medium to long term.”

He added, “As contained in the assented 2016 National Budget, the administration of President Muhammadu Buhari is aggressively formulating and implementing policies aimed at diversifying Nigeria’s economy from oil to other sectors such as agriculture, mining and manufacturing.

“The administration is also proactively tackling increased attacks on oil facilities in the Niger Delta region which has led to disruptions in crude production.

“The President’s shuttle diplomacy has yielded positive effects on the country’s economic policies. As a result, several agreements concluded during the visits are positively impacting on key sectors of the Nigerian economy including power, solid minerals, agriculture, housing and rail transportation.

“The fight against corruption remains a top priority for the President Buhari APC-led administration. In spite of desperate attempts by some partisans to discredit anti-corruption efforts in some quarters, the war against corruption is being won and has been well-received and supported. The generality of Nigerians agree that the days of impunity are over.

“Through the full implementation of the Treasury Single Account (TSA) by the President Muhammadu Buhari APC-led administration, revenue leakages have been greatly plugged.

“The new petroleum products supply and pricing framework which eliminated corruption-tainted subsidy payments has among others greatly solved fuel scarcities by ensuring availability of products at all locations in the country; reduced hoarding, smuggling and diversion substantially and stabilise price at the actual product price; encouraged investments in both Refineries and Retails; provided Government more revenue to address social and infrastructural needs of the country.

“In line with the critical infrastructural focus of the President Muhammadu Buhari administration, an unprecedented 30 per cent of 2016 budgetary provision has been committed to capital projects.

“As the administration works assiduously to build a new solid foundation, credible image and pull the country out of the present hardships, the APC appeals for patience and cooperation from Nigerians.”
Post a Comment

Popular posts from this blog

FG and labor leaders to meet today over planned strike action against increased pump price

The Federal government, leaders of the Nigeria Labor Congress NLC ‎and Trade Union allies will be meeting today May 16th to discuss on the planned strike action by the Labor congress. The labor leaders on Saturday May 14th gave FG till midnight of Tuesday May 17th to revert to the old pup price of petrol of N86.50 or face a total strike that may begin on Wednesday May 18th.

The Federal government and Labor leaders' meeting will hold at the office of the Secretary to the Government of the Federation in Abuja by 10am..

Those expected at the meeting include Minister of Labor Chris Ngige, leaders of NLC, TUC, Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, and their Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN counterpart.


TRAGEDY IN GHANA-Police officer, pregnant wife, daughter perish in gory accident,new born baby survives

A Police officer, his pregnant wife, their 3-year-old daughter and their nephew died in a horrible accident on the Adabraka road Sunday dawn.

The Police officer identified as Sergeant Francis Essuman 42, with his nephew Kobby 21, and their daughter Wilhelmina 3, were accompanying his pregnant wife, Elizabeth Essuman, 36, to the hospital to deliver when the accident occurred.

According to Chief Inspector Lilly Rockson in an interview with Adom News said, the pregnant woman delivered a bouncing baby boy in the taxi half way to the hospital prompting them to panic.

In a bid to quickly get her to the hospital to avert any complications, the taxi driver was compelled to speed but ended up crushing into a Sprinter bus which was on top speed from Tudu in Accra.