EconomyPoliticsCiting 0.10 Percent GDP Growth, APC Claims Buhari Keeping His Promises

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The All Progressives Congress (APC) claims the administration of President Muhammadu Buhari is keeping his promises to Nigerians.

John Akpanudoedehe, national secretary of the APC caretaker and extra-ordinary convention planning committee (CECPC), said this in reaction to the report that Nigeria exited recession after its gross domestic product (GDP) grew by 0.11 percent.

In a statement on Thursday, Akpanudoedehe said the report gave credence to the fact that the Buhari administration is doing as he has promised.

Commendably, Nigeria’s exit from recession is the country’s first growth in three quarters amid the coronavirus restrictions and consequent economic slowdown,” he said.

“Nigerians will agree that the past era of profligacy, voodoo economics and waste which brought our economy to its knees are fast fading.

“With continued support for Buhari’s administration, the economy can only get better.

Akpanudoedehe said the development was not a fluke, but a result of well-planned measures lined up by the federal government to ensure the country’s quick exit from recession.

According to him, the country’s early exit from recession is a result of the successful implementation of the federal government’s economic sustainability plan (ESP), among other things.

This, he said, ensured stimulation of the country’s economy to prevent business collapse, retaining and creating jobs through support to labour-intensive sectors, such as agriculture and direct labour interventions.

He added that it also included infrastructure investments in roads, rails, bridges, as well as promoting manufacturing and local production.

 

Beloved John (Staff Writer)
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