The Peoples Democratic Party (PDP) said in a recent statement that having spent 15 years in the office they provided a friendly environment for Nigerian business across board to develop.
It was claimed today, January 4, in a document signed by the party's National Publicity Secretary, Olisa Metuh, Premium Times reports. The PDP mentioned they had worked hard to achieve the success.
"The growth of the private sector under the PDP has been phenomenal. This did not happen by chance. Our governments at all levels have been guided by our economic policy, which directs the creation of a dynamic economy in which market forces are combined with the forces of partnership, solidarity and cooperation for the benefit of the people."
Metuh also stressed how support of business by the government allowed to lower the unemployment level.
"The hallmark of the PDP administration remains the policy of transfer of wealth from the public sector to hardworking and enterprising Nigerians. This has not only revived and empowered the private sector but also expanded the nation’s economic frontiers with an unprecedented growth in small and medium scale enterprises, which has helped in providing employment for our citizens across the country."
According to the statement, President Goodluck Jonathan's administration offered good conditions of work to the entrepreneurs.
"The fact remains that under the PDP, Nigerian entrepreneurs have fared better more than ever before. Under our government, more private businesses have sprung up. More banks have been opened and performing well; the telecommunication, oil and gas and manufacturing sectors have witnessed exceptional expansion; more transport companies, hotels, farms, schools and hospitals are springing up; more reputable international retail businesses and food processing concerns have opened in our country.
“Under the PDP, our hitherto weak and unreliable banking sector has been repositioned and strengthened. Today, our nation boasts of a strong and stable banking system which has restored investor confidence and provided support for growth in other sectors of the economy. Nigerian banks are now growing stronger with many of them having hundreds of branches and business offices locally and internationally."
Apart from other achievements, the PDP noted the advancement in the automobile manufacturing business, which takes its roots in the legislation.
"In the manufacturing sector, the PDP has not only revived but also revolutionized the nation’s automobile industry. Today, through the New Automobile Industry Policy initiated by President Goodluck Jonathan, vehicles are now being manufactured in our country.
"Automobiles manufactured by Innoson Group, an indigenous firm are competing favourably in the market. Leading vehicle manufacturers such as Nissan, Hyundai, and Kia, have set up factories in Nigeria and are employing thousands of our people. This is in addition to the revitalization of Peugeot Nigeria and ANAMCO."
It was also mentioned that the Nigerian media have been growing in quantity under the positive conditions created by the PDP.
"Even in the media, there has been an unprecedented growth with Nigerians firms thriving and competing favorably in print, electronic and online ventures following the business and media-friendly environment provided by the PDP."
Source: Legit Newspaper