ABUJA – CNN Money, a business analysis programme, on Friday listed Nigeria as one of the fastest
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growing economies for 2015.
According to the report, in 2014, Nigeria’s Economy grew by 7.1 per cent.
It said that in 2015 the economy was expected to grow by another 7 per cent. [pro_ad_display_adzone id=”10″]
“By our estimate, the fastest growing economies in 2015 will be China, Qatar and Nigeria.
“Nigerian economy, growing by 7.0% came after China 7.3%, and Qatar 7.1%,” it said.
Meanwhile, PDP has described the development as an affirmation of global confidence in the economy.
In a statement, the PDP National Publicity Secretary, Mr Olisa Metuh, said it was a verdict of a disinterested party and a referendum on the prudent management of the Nigerian economy by the Goodluck Jonathan-led administration.
It said the assessment, coming from a world leading media institution, was a confirmation of an earlier evaluation by other international institutions that predicted a thriving performance and bright future for Nigeria`s economy.
The statement added that the verdict was another sign that Nigeria was safe and well-led under the PDP.
“The grading by the CNNMoney is another witness to the reality of positive changes brought to all sectors of the national life and whose cumulative impact formed a consistent growth driver for the economy.
“Here again is the reality of the global confidence in the vivacity of Nigeria as Africa’s largest economy,’’ it said.
It, however, said that those in opposition found it convenient for the expediency of politics to deny what “is as clear as daylight’’ and what they ought to applaud.
According to the statement, the CNN verdict is a reminder once more that constructive criticism is the mettle of credible opposition.
It said tremendous progress that Nigeria made in the socio-political and economic sphere under the PDP had continued to receive commendation and popular acclaim locally and internationally.
The statement urged all Nigerians to keep hope alive as things could only get better.
It added that the success did not come by accident, but through deliberate application of policies as articulated in PDP manifesto.
This, it added, also resulted in the creation of investment-friendly environment that had enabled enterprises to thrive in the country.
It said private businesses, such as MTN, Dangote, Intel Services, Oando, Innoson and a host of others in aviation, oil and gas, retailing, hospitality, banking and other sub-sectors of the economy had excelled.
This, it further said, was in addition to the phenomenal influx of internationally reputable firms such as CCECC, Kia, Nissan, Shoprite and others in railways, oil and gas, automobile and communication.
The statement added that the stock market and construction, among others, had also helped to boost the country`s economy.
It stressed that safeguarding this positive turn against reversal belonged exclusively to the province of the people of Nigeria.
The statement said Jonathan had demonstrated ability to move the country to where it belonged and appealed to Nigerians to continue to support the president and PDP, especially, in the forthcoming general elections. (NAN)
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