BREAKING: Buhari’s Presidency’s Latest Damning Comments, Set The Entire Country On Fire, As Nigerians Go On Rampage

By Joshua Amaugo May 25, 2018 14:12

BREAKING: Buhari’s Presidency’s Latest Damning Comments, Set The Entire Country On Fire, As Nigerians Go On Rampage

Nigerians across board have begun to react to President Muhammadu Buhari’s latest statement, which claimed that the Nigerian economy has been fully re-positioned, as all Nigerians, even the blind, can feel the positive impact.

Recall that the Presidency, on Thursday, May 24, said that the nation’s economy was on the right track, with steady growth under the present administration.

Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, in a statement, in Abuja, said that though the opposition elements might not see the positive growth in the economy, the report of the National Bureau of Statistics, NBS, was the evidence that the economy was in safe hands, under President Muhammadu Buhari’s government.

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. 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. Here are some current facts about the Nigerian economy, which naysayers may not be able to do anything about:

“According to the National Bureau of Statistics, NBS, the economy has recovered from the slow-down and eventual recession, which started in 2014. There has been improvement with stronger growth for three successive quarters. From contracting by 0.91 percent in Q1 2017, the economy has grown by 0.72 percent in Q2 2017, to 1.17 percent in Q3 2017, and 2.11 percent in Q4 2017.

“The Q1 2018 GDP shows that the economy has recorded a GDP growth of 1.95 percent, compared to a contraction of 0.91 percent in Q1 2017.

“The growth is driven by agriculture and industry, which shows that finally, after more than 50 years of lip service, the Nigerian economy is on the road to diversification.

“The oil sector’s contribution to GDP is 9.61 percent, while non-oil sector’s share is 90.39 percent. One of the factors responsible for the positive performance of the economy in Q1 2018 was the spending of about N1.5 trillion 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 $6,303.63 million, a 17.11 percent growth over the figure reported in the previous quarter.

“Foreign reserves stand at $47.79 billion, compared to $29.6 billion 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.

“Tax revenue increased to N1.17 trillion, in Q1 2018, a 51% increase on the Q1 2017 figure. “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. Millions of dollars have been saved”, Adesina said

According to him, those are just little among the good things happening to the Nigerian economy. He added that only the willfully blind would not see it, noting that, that would not stop the good work.

On exiting recession last year, he said President Muhammadu Buhari had stated that 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”, Adesina stated.

Reacting to Adesina’s statement, a Nigerian, Mr. Ekwuoma Idumute Umu-Ugbede said: “According to the king of Bhutan, progress in a country should be judged by the “happiness index”, not on GDP or other economic jargon that do not add up.

“So, Adesina and Buhari should forget about GDP growth of 1.95%. Nigerians are not happy. Truth is that the more their GDP rises in Aso Rock, the more Nigerians have no electricity, cannot feed, and cannot buy fuel to drive their cars and run generators.

“GDP my foot! I will choose happiness, than choosing Buhari’s GDP growth that brings in sorrow, tears, and bloodletting!

“Adesina said that: “Foreign reserves stand at $47.79 billion, compared to $29.6 billion inherited in May 2015…What Adesina fails to tell us is exactly how much money Buhari has borrowed since he came in.

“Just read this clip I saw few days ago: Nigeria’s debt stood at N21.73 trillion as of December 31, 2017, compared to N12.12 trillion as of June 30, 2015, according to the Debt Management Office. So now, Adesina should tell us how much we are owing in Naira and kobo today, being 25th May, 2018.

“According to him: “The growth is driven by Agriculture and Industry”, which industry is he talking about, he should be specific. I do not know what industry that can thrive with or on bush-lamp without electricity.

“Adesina must be talking about the invisible witchcraft industry, not the real-world-type. Not just the blind, even people with eyes cannot see the progress, and witchcraft industry that Buhari is growing. And that is the real problem now”, Umu-ugbede said.

Elsewhere, Mr. Uchendu Onyesom Nwike buttressing Mr. Ekwuoma Idumute Umu-Ugbede’s comment said: “Thank you very much. The problems of Nigeria is that most of its citizens are first: ignorant, gullible, and foolish.

“Secondly, hypocritical, tribalistic, and corrupt. Nigerians do not know that the economy growth is measured by the number of citizens who can afford three square meals, and are happy like during Jonathan’s regime, when 80 percent of Nigerians could feed well, but were deceived by APC propaganda through Lai Mohammed, Amaechi, and Fashola.

“Right now, the prices of foods are still rising, nothing is getting better at all. APC is just deceiving stupid Nigerians. Shame”, Mr. Nwike decried.

Reacting also, Mr. Mosley said: “We do not need to change location, because the country belongs to us, but we will change the government, come 2019, simple.”

Olusola Idowu said: “Does Adesina need to tell somebody who is hungry that he/she is full? It only takes a Journalist turned Economist, to tell Nigerians that they are rich and full, while they are hungry and live below poverty level in all areas!

“This government has got it wrong, by not knowing the state of the people they govern. How can there be a solution with these kinds of people? God have mercy!”, Idowu lamented.

Daddy Peace said: “The record with NBS is meaningless, if the common man cannot afford his meals. If not for hardworking youths like me, (excuse me, I am not referring to online twats paid by APC), then the humanitarian crisis in Venezuela would have been a child’s play.

“Buhari has failed woefully, and 20 more years will not salvage a thing. Buhari has only one agenda, and that is ethnic domination”, Daddy Peace said.

Mr. Avatar reacted: “Adesina, keep deluding yourself. No growth by APC government is real, all cooked up steadily for a time like this, election time.

“Tell us the state of our industries in the past 3 years. Tell us whether the price of rice and garri are falling. Why is the quantity of bread we used to buy for N200 is now N400? Your stories are broken drums.”


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