Shell Energy Entrepreneurs banner Yudala banner
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

Views: 4,522


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


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Navy destroys illegal refinery in Delta State

Our social contract with Anambra . . ....

Mugabe’s Exit: What impacts on Africa?

RIGHTSView: THE UNUSUAL RIGHTS COMMISSION

The essentials of effective business operation

Imo, Ondo fire outbreak victims seek government intervention...

FG set to kick-start cleanup of Ogoniland

Our economic strategy will fast-track development — FG...

Ohanaeze spits fire over alleged plot to frame...

FG unfolds plans to withdraw fertiliser subsidy

Okorocha renames poultry farm after Sam Mbakwe, assures...

Uduaghan woos Deltans for PDP with harvest of...

 

Latest News Music star Burna Boy charged to court for alleged armed robbery Gaddafi’s son eyes Libyan presidency Imo State now a terror zone; Okorocha a full-blown dictator — Activists •Their ordeal in the hands of brutal policemen FG orders arrest of marketers who hoard petrol 5 LASTMA officials nabbed for extortion, 20 others dismissed Public officers should undergo drug test — Emir Sanusi APC hits PDP over $1bn Boko Haram fund Ex-Union Bank manager to spend 9 years in prison for fraud 6 kidnap suspects captured in Aba, victim rescued Uwazurike knocks Governors over $1bn Boko Haram fund Uber driver arrested over rape, murder of embassy worker Lack of facility delays rehabilitation of 200 ex-Boko Haram fighters

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (302,449 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (287,212 views) Shameless Genevieve Nnaji exposes breasts in public (232,059 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (194,246 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (183,933 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (171,205 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (148,049 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (132,921 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (131,330 views) Lagos plane crash: Journalist releases victims’ names (119,718 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (115,954 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (113,004 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,825) Business Verdict (30) Columnists (780) Complaints & Requests (94) Enterprise & Opportunities (196) Entertainment (423) Features (529) Global Business Monitor (199) International (1,698) Interviews (138) Live Commentary (28) Love Matters (93) News (31,123) Opinion (846) Pidgin (9) Politics (4,231) Religion (655) Sports (1,383) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

MOBO Awards

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!