President Muhammadu Buhari
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.
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.”
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