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Nairaland Forum / Nairaland / General / Politics / FG Surpasses Targets In Eight Broad Sectors’ (715 Views)
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FG Surpasses Targets In Eight Broad Sectors’ by ochejoseph(m): 1:58pm On Oct 23, 2013 |
The Federal Government said on Tuesday that it had surpassed its growth targets in eight out of the 14 broad sectors of the Nigerian economy under the Transformation Agenda. The Minister of Information, Mr. Labaran Maku, stated this in Abuja at the monthly news conference on the performance of the economy and the power sector. Maku listed the sectors as solid minerals, financial institution and insurance, building and construction, transport, education, road and estate, public administration and agriculture. According to him, the feat acheived is an indication that the Transformation Agenda is on course and that the economy is growing in the right direction. He said that claims by some analysts that the nation had gone bankrupt and that the economy was performing poorly was deceptive. The minister said that apart from the unprecedented growth recorded in some sectors, other micro and macro-economic indices sanctioned by reputable global organisations had indicated growth in the economy. Maku said the most interesting thing about Nigeria’s economic growth pattern was that the Gross Domestic Product growth was largely driven by the non-oil sector. “There is something that Nigerians need to know about this economy that has been run down by some pessimists, and that is the growth, which is driven largely by the non-oil sector of the economy. “Agriculture has recorded 27.64 per cent, wholesale and retail trade has 28.4 per cent, telecommunications – 24.38 per cent. “Foreign Direct Investments averaged 7.97 billion dollars in 2011 and 2012 from 6.10 billion dollars in 2010 and is still the highest in Africa. “Home remittances increased from 19.20 billion dollars in 2009 to 20.61 billion dollars in 2011 and 21.89 billion dollars in 2012, Gross External reserves improved from 32.34 billion dollars in 2010, to 48.8 billion dollars as of April 26, 2013,’’ the News Agency of Nigeria quoted the minster as saying at the briefing. On anti-corruption campaign, Maku said the administration had adopted electronic means to block leakages in the system and minimise waste. According to the minister, N118.9 billion has been saved from 215 Ministries, Departments and Agencies (MDAs) under the electronic payroll system. He reiterated government’s resolve to block avenues for corruption in public service, hence the resolve to adopt automated means of resource management. Source : The Nation Newspapers |
Re: FG Surpasses Targets In Eight Broad Sectors’ by iterator25: 2:06pm On Oct 23, 2013 |
Good |
Re: FG Surpasses Targets In Eight Broad Sectors’ by hunter21(m): 8:35pm On Oct 23, 2013 |
front page. |
Re: FG Surpasses Targets In Eight Broad Sectors’ by 1MCN: 11:35pm On Oct 23, 2013 |
@OP, you said the source is The Nation newspaper. I thought there are several allegations that the said newspaper company never reports anything good about the FG? Well, it's good that the economy performs well, people get jobs, hunger and poverty and disease are reduced to the most minimum--doesn't matter who gets the glory or reports the good news. |
Re: FG Surpasses Targets In Eight Broad Sectors’ by talk2s(m): 11:46pm On Oct 23, 2013 |
'EDUCATION' |
Re: FG Surpasses Targets In Eight Broad Sectors’ by Brimmie(m): 2:49am On Oct 24, 2013 |
Feri Feri Fonny!! |
Re: FG Surpasses Targets In Eight Broad Sectors’ by kokoA(m): 4:10am On Oct 24, 2013 |
They must have targeted very low score.. Or maybe they are referring to "looting target" |
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