Despite the economic recession that the country is presently facing, the Presidency on Wednesday declared that the Nigerian economy is performing better than the predictions of the International Monetary Fund, IMF.
It, however, admitted that the inflation and unemployment rates in the country had remained high despite efforts by the current government.

The Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, stated this in a statement while reacting to the Gross Domestic Product figures for the 2016 second quarter by the National Bureau of Statistics, NBS.


Dipeolu noted that the report, while confirming a temporary decline, has also indicated what he called hopeful expectation in the country’s economic trajectory, stressing that there were clear indications that the second half of the year will be better.

“Besides the growth recorded in the agriculture and solid mineral sectors, the Nigerian economy in response to the policies of the Buhari presidency is also doing better than what the IMF had estimated with clear indications that the second half of the year would be even much better,” he said.

The presidential aide assured that the current administration would continue to work diligently on the economy and engage all stakeholders to ensure that beneficial policy initiatives were actively pursued and the dividends delivered to the Nigerian people.

Quoting the recently released data from the NBS as showing a decline in GDP by -2.06% in the second quarter of 2016 on a year-on-year basis, he attributed the outcome to a sharp contraction in the oil sector due to huge losses of crude oil production as a result of vandalisation and sabotage.



http://dailypost.ng/2016/08/31/presidency-reacts-nbs-report-insists-economy-performing-better-imfs-prediction/?

Ok

“Besides the growth recorded in the agriculture and solid mineral sectors, the Nigerian economy in response to the policies of the Buhari presidency is also doing better than what the IMF had estimated with clear indications that the second half of the year would be even much better,” he said.

- We see you have taken over from Lai Mhd.
- I see you can not buttress your point with the data on IMF target, for ease of comparison in your analysis.
- Anyway, you are just dishing out propaganda from its underbelly.
- The situation is so bad that the Nigerian economy is mis-firing seriously and might collapse under your boss watch.

Nonsense analysis

Just when you thought they could lie no further. Nigerians have gotten wiser, you cannot lie to us any longer. We're just waiting for the right time to act. This administration is just too clueless.

This government takes the golden crown for gross stupidity, cluelessly useless and crass ineptitude

Yes it's performing better in their imagination.

I wonder if the presidency has any shame at all.

Trying to challenge economic realities with propaganda? You are performing well and the economy is in recession? Wow! We are in for a long ride.

Is there any economic position worse than recession? Because I know somebody will come tell us how it would have been worse if the past govt had continued.

Hilarious

Yes, of course, the President and the presidency know a lot more about economic matters than those lazy and HUNGRY experts pontificating on empty stomachs.

Why not?

When you have a N2b feeding budget, How can the ECONOMY EVER LOOK BAD to you?

One thing I keep telling people prior to 2015 election was that Ex-President Jonathan was not as bad the way APC portraits him neither President Buhari was as good the way APC sold him.

One thing is very sure Nigerian will still never learn their lesson.

God has made it clear now and He's about to intervene!

Funny. Very strangely funny

This government is the maddest ever

Jonathan and Obasanjo God bless you two

Buhari is the worst president ever

He doent know the interpretation of the report.

I won't blame him, he failed mathematics.

You can imagine the kind of ppl repping Nigeria,its so sad they r out ofvtune with reality.

Deaf and blind administration. I wonder what is their definition of a better performance.

When a dullard is on the throne.......even the obvious gets denied. Classically classic!

2019
2019
2019

My year of divine breakthrough

Emusan:
One thing I keep telling people prior to 2015 election was that Ex-President Jonathan was not as bad the way APC portraits him neither President Buhari was as good the way APC sold him.

One thing is very sure Nigerian will still never learn their lesson.

God has made it clear now and He's about to intervene!

Nigerians especially my people **** are the daftest nigerians ever. Trust me.

How can a sane person leave a 54 years old man with phd and vote in a 79 years old illiterate. It makes no sense

APC worked on the fact that an average nigerian youth is stupid and don't ask questions. They always follow the crowd.

Omojuwa is enjoying while my stupid friend lost his job

i

aljharem:
Funny. Very strangely funny

This government is the maddest ever

Jonathan and Obasanjo God bless you two

Buhari is the worst president ever

But I used to know you as a proudly 97 percenter or are you a wailing 97 percenter?

aljharem:


Nigerians especially my people yoruba are the daftest nigerians ever. Trust me.

How can a sane person live a 54 years old man with phd and vote in a 79 years old illiterate. It makes no sense

APC worked on the fact that an average nigerian youth is stupid and don't ask questions. They always follow the crowd.

Omojuwa is enjoying while my stupid friend lost his job

God bless u for this bitter truth.


Thunder fire Omojuwa who has now kept quiet after eating Aisha Jollof Rice



Thunder fire Tolu Ogunlesi who has gone incommunicado after becoming Buhari special assistant on Digital and New Media



Thunder fire all APC social media warriors and Activists who were very vocal about the state of the Economy during GEJ Era only for them to now become deaf and dumb under the worst ever Nigerian Economy presided by Buhari

Lol bubu econmy team sabi pass NBS and IMF.

ejilife:
i But I used to know you as a proudly 97 percenter or are you a wailing 97 percenter?

IT is not about 97% and 5 %. Nigerians made the worst error ever after not making Awolowo nigerian president

We left a man with ideas and voted a bigot. Big ERROR

Economic masturbation.

plaetton:
Hilarious

Yes, of course, the President and the presidency know a lot more about economic matters than those lazy experts.

Why not?

When you have a N2b feeding budget, How can the ECONOMY EVER LOOK BAD to you?

Hahaha, you are correct my dear. N2b feeding budget is a whole lot of money, it can even make one go mad and talk nonsense just as they are doing now.

Our issues are complex, but if we stay united as country and work together we will be able to turn things around sooner. And for those incapable of reading the presidency is saying that the country is facing an economic problem but is performing better than expected in these circumstance.

vedaxcool:
Our issues are complex, but if we stay united as country and work together we will be able to turn things around sooner. And for those incapable of reading the presidency is saying that the country is facing an economic problem but is performing better than expected in these circumstance.

Zombies will always be Zombies

Oya receive Sense



....

vedaxcool:
Our issues are complex, but if we stay united as country and work together we will be able to turn things around sooner. And for those incapable of reading the presidency is saying that the country is facing an economic problem but is performing better than expected in these circumstance.

Sorry this comment made no sense.

Performing better than whose expectations?
Yours or their's? Because it's certainly not that of an average Nigerian.

Mumu presidency headed by a dog

who cares about what they say

It's well with our economy

Because i'm in this country Nigeria will never go down

These louts cant even lie convincingly..

izzou:
2019
2019
2019

My year of divine breakthrough

Not just you abeg. Nigerians year of divine breakthrough
That's if we vote out that man

aljharem:


IT is not about 97% and 5 %. Nigerians made the worst error ever after not making Awolowo nigerian president

We left a man with ideas and voted a bigot. Big ERROR

But we warned the world about the illness that comes with this man whenever he is on throne judging from our experience with him in the 1980s but only got insults from people like you and others. So what has changed since after insulting us?

E be like say dem wan to tell us another story again ooooo. E be like say dem wan to sing another song again

Fvck what the presidency think; who cares