- President Muhammadu Buhari has commended his government over its performance on the ease of doing Business
- The President, through his media aide, Femi Adesina said his administration has outperformed previous governments in ensuring better business environment
- He said his government is working very hard to create more job, reduce poverty and asked the private sector to partner with his government
Nigeria’s President, Muhammadu Buhari has boasted that no administration has done better than his in terms of Ease of Doing business in Nigeria under a democratic dispensation.
The private sector is key to economic growth
Buhari stressed that his government is counting on the private sector to stabilise the economy.
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The President narrated that last week, the National Executive Committee of the ruling All Progressives Congress (APC) had a fruitful meeting with a clear message that the party will continue to push for the enthronement of democratic values in the country
The President said that his government has been applauded in the area of ease of doing with remarkable improvements, saying it has never been better than it is today.
Unemployment high but GDP outlook better
He acknowledged the importance of employment and job creation in the country and said his government is working assiduously to create more jobs and transform the lives of the people.
The Punch says that the country’s unemployment rate as of the end of 2020 jumped to 33.3 per cent from 27.1 per cent in the second quarter of 2020, showing that about 23.2 million Nigerians are unemployed.
Notwithstanding, Nigeria’s Gross Domestic Product (GDP) surged by 3.98 per cent YoY in real terms at the end of 2021, showing positive growth for five quarters in a row.
Nigeria’s economy increases by 3.40% in 2021, strongest growth under President Buhari
Recall that Legit.ng has reported that Nigerian economy for the first time in seven years and under the administration of President Muhammadu Buhari is ending the year with economic growth of 3 per cent.
The National Bureau of Statistics (NBS) released its latest GDP report for the fourth quarter on Thursday, 17 February 2022, revealing that Nigeria's economy increased by 3.4 per cent in 2021.
According to the report, the GDP also posted a strong recovery of 3.98 per cent in the fourth quarter of 2021 — but lower than the 4.03 per cent in the third quarter.