NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Nigeria won’t record significant economic growth during Buhari’s regime: National Bureau of Statistics

By News Express on 07/02/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 4,962


Amidst harsh economic environment confronting the present administration, the National Bureau of Statistics, NBS, a key agency of the Federal Government in charge of economic research and development, has given a glimpse of what the economy will look like up till the conclusion of President Muhammadu Buhari’s first term in 2019.

According to the NBS, by the time Buhari concludes his present tenure, economic growth rate will stabilise but unable to reach the 2014 level as real gross domestic product, GDP, will be 5.61 per cent in 2019 as against 6.22 per cent achieved a year before he assumed office.

Significant aspect of the report indicates that actual GDP for full year 2015, the first seven months of Buhari’s government, would be one of the lowest in recent years at 2.97 per cent.

NBS, in a  release at the weekend, titled, “Nigerian Economy: Past Present and Future”, indicated that growth rate would improve significantly by end of this year at about 3.78 per cent while 2017 and 2018 would hover around 5.03 per cent and 5.61 per cent respectively.

Surprisingly the report indicated that 2019 will not record any improvement on 2018 growth rate.

The report which portrayed a mixed development across the three main macroeconomic performance indicators namely GDP, inflation and trade volume, indicated that arising from the drastic decline of 2015 a growth jump-start averaging 5.41 per cent yearly between 2017 and 2019 would be experienced as infrastructure development takes shape and provide support for both the oil and non-oil sectors.

However, upward pressure on inflation is expected, indicating that the headline index may rise from 9.55 per cent in 2015 to 10.16 per cent in 2016. (Sunday Vanguard)

•Photo shows President Buhari.

Source News Express

Posted 07/02/2016 05:53:24 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Pictured for the first time: Ebola victim who...

70TH Precinct secures Euro 2016 public viewing rights...

How Wizkid beat Jay Z, Lamar, Drake, other...

PDP suspends Kashamu, others for financial impropriety

Grazing Bill can spark genocide —Intersociety •Accuses Ekweremadu...

El-Rufai orders arrest of suspected masterminds of Southern...

Akpabio’s kinsmen fault nullification of Akwa Ibom governorship...

Kano Govt. recovers N480m unpaid tax from mobile...

Wike suspends Works Commissioner

JAMB direct entry portal closes Sept. 15

Tinubu loses son

Defiant Minister dares Nigerians, vows not to resign...

 

Latest News Reps summon Buhari over endless killings, pass vote of no confidence on Service Chiefs Court nullifies change of election sequence FG to blame for Benue Catholic Church massacre — Intersociety CAN declares peaceful protest, prayers for freedom of abducted Christian girl Leah Sharibu US militants declare war on foreigners, Muslims Dino Melaye transferred to National Hospital, admitted in Intensive Care Unit Imo Guber 2019: Plot to frame up Madumere thickens Ex-Finance Minister Aganga appointed Queen’s Commonwealth Trust Adviser MTN moves closer to $500m public offer N805m Fraud: Sen. Nwaoboshi arraigned, remanded in prison Drama, as Innoson shuns arraignment for fourth time Coalition scores Buhari high on anti-corruption war.

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (339,942 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (335,024 views) Shameless Genevieve Nnaji exposes breasts in public (268,044 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (220,405 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (202,228 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (198,328 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (173,030 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (155,387 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (147,233 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (139,203 views) Lagos plane crash: Journalist releases victims’ names (137,027 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,691 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,075) Business Verdict (40) Columnists (838) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (485) Features (569) Global Business Monitor (264) International (1,929) Interview (149) Live Commentary (28) Love Matters (116) News (34,753) Opinion (917) Pidgin (10) Politics (4,817) Religion (724) Sports (1,485) Stock Watch (28) AMA & Al Jazeera Global Update

 

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement