Presidency Reacts To NBS Report, Insists Economy Performing Better.

Despite the economic recession that the country is presently facing, the Presidency on Wednesday declared that the Nigerian economy is performing better than the predictions of the International Monetary Fund, IMF. The Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, stated this in a statement while reacting to the Gross Domestic Product figures for the 2016 second quarter by the National Bureau of Statistics, NBS.

Dipeolu noted that the report, while confirming a temporary decline, has also indicated what he called hopeful expectation in the country’s economic trajectory, stressing that there were clear indications that the second half of the year will be better. The presidential aide assured that the current administration would continue to work diligently on the economy and engage all stakeholders to ensure that beneficial policy initiatives were actively pursued and the dividends delivered to the Nigerian people. Quoting the recently released data from the NBS as showing a decline in GDP by -2.06% in the second quarter of 2016 on a year-on-year basis, he attributed the outcome to a sharp contraction in the oil sector due to huge losses of crude oil production as a result of vandalisation and sabotage.

KWA Video+Picha Za WhatsApp Namba, KuunganishwaBONYEZA/PLAY HAPA👇👇👇👇👇👇👇👇👇👇👇👇>>>>>