ADVERTISEMENT

Only the blind won’t see President’s achievements – Adesina

Femi Adesina said this in a statement which he made available to newsmen in Abuja.

Adesina, who said that a lot of good things are happening in Nigeria, added that naysayers always paint a negative picture.

The presidential spokesman said this in a statement which he made available to newsmen in Abuja.

He said “Some people have made it a pastime to talk as if there is no silver lining in the sky as far as the Nigerian economy is concerned. They carry on as if it is doom and gloom all the way, a thoroughfare of woes.

ADVERTISEMENT

“This they do to hoodwink the public, and peradventure gain political advantage for themselves, or their principals.

“But facts are stubborn things. Those arrayed against facts may abhor and deride them, but there they are, staring them starkly in the face.”

Economic achievements

While highlighting some achievements of the current administration, Adesina said that Nigeria”s economy has improved.

Citing data from the National Bureau of Statistics, he added that the economy has steadily grown in the first quarter of 2018.

ADVERTISEMENT

Adesina also said “One of the factors responsible for the positive performance of the economy in Q1 2018 was the spending of about N1.5trn on infrastructure projects in 2017.

“For the past 15 months, inflation has declined consistently from 18.72 percent to 12.48 percent. The country is steadily on the road to single digit inflation rate.

“The first quarter of 2018 saw a continuous growth in total capital importation into the country, the fourth consecutive quarterly increase since Q2 2017. The total value of capital imported is $6,303.63m, a 17.11 percent growth over the figure reported in the previous quarter.

“Foreign reserves stand at $47.79bn, compared to $29.6bn inherited in May 2015, after about six years boom in oil prices in the international market. The increase came at a time of modest oil prices, showing transparency and accountability by government.

“Nigeria’s Stock Market ended 2017 as one of the best-performing in the world, with returns of about 40 percent.

ADVERTISEMENT

“Tax revenue increased to N1.17trn, in Q1 2018, a 51 percent increase on the Q1 2017 figure.”

Rice importation

According to the presidential spokesman, the importation of rice has reduced due to the government’s efforts.

He also added that “milled rice production has increased from 2.5MT to 4MT, and rice imports have dropped from 580,000MT in 2015 to 58,000MT in 2016.”

“These are just little among the good things happening to the Nigerian economy.

ADVERTISEMENT

“Only the wilfully blind will not see it, but it does not stop the good work, which continues.

“On exiting recession last year, President Muhammadu Buhari had said he would not consider the job done, until the ordinary man feels the impact of the rebounding economy on his life and pocket.

“We are inexorably on that road, no matter what scoffers may say,” he added.

The International Monetary Fund (IMF) recently stated that Nigerians are getting poorer under President Buhari.

ADVERTISEMENT

This was contained in a report seen by Reuters on Wednesday, February 28, 2019.

IMF also said that more economic reforms are urgently needed in the country.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Dividends of democracy will go round in Oyo State – Makinde

Dividends of democracy will go round in Oyo State – Makinde

First Lady wants Air Force officers’ wives to prioritise their mental health

First Lady wants Air Force officers’ wives to prioritise their mental health

We’ve reduced banditry in Katsina by 70% – Gov Radda

We’ve reduced banditry in Katsina by 70% – Gov Radda

EFCC hands over $22k seized from Lagos fraudster to FBI for transfer to owner

EFCC hands over $22k seized from Lagos fraudster to FBI for transfer to owner

Nigeria collapsed the day Tinubu removed petrol subsidy - Babachir Lawal

Nigeria collapsed the day Tinubu removed petrol subsidy - Babachir Lawal

Nigeria will not import one drop of petrol by June - Dangote

Nigeria will not import one drop of petrol by June - Dangote

Why I will support Peter Obi to be president in 2027 - Atiku

Why I will support Peter Obi to be president in 2027 - Atiku

APC didn't pay my school fees, I won't advise them, suspended Jimoh Ibrahim

APC didn't pay my school fees, I won't advise them, suspended Jimoh Ibrahim

No worker can survive on less than ₦100,000 minimum wage - Shehu Sani

No worker can survive on less than ₦100,000 minimum wage - Shehu Sani

Pulse Sports

'I want to be beautiful' - Sha’Carri Richardson on why she keeps long nails

Osimhen: PSG set for life after Mbappe with 200 BILLION NAIRA move for Super Eagles star

Osimhen: PSG set for life after Mbappe with 200 BILLION NAIRA move for Super Eagles star

Osimhen’s Champions League dream dies as Juventus and Bologna seal European qualification ahead of Napoli

Osimhen’s Champions League dream dies as Juventus and Bologna seal European qualification ahead of Napoli

Arteta’s Arsenal surpass Wenger's ‘Invincibles’ to break 20-year old Gunners’ record

Arteta’s Arsenal surpass Wenger's ‘Invincibles’ to break 20-year old Gunners’ record

ADVERTISEMENT
ADVERTISEMENT