BUHARI ADMINISTRATION MID-TERM FACTSHEET (MAY 2017)

ECONOMY

Growth in Agriculture and Solid Minerals: The number of sub-sectors of the economy experiencing negative growth has almost halved; falling from 29 sub-sectors for the whole of 2016 to 16 in Q1 2017. Growth in manufacturing has returned to positive territory after five quarters of negative growth. It grew by 1.36% in Q1 2017 after falling to -7.0% in Q1 2016. Our priority Sectors of Agriculture and Solid Minerals have seen improved performance, in spite of the recession. Agriculture grew by 4.11% in 2016, while Solid Minerals recorded a 7% increase. The contribution of the Ministry of Solid Minerals’ to the Federation Account tripled to about N2 billion in 2016, up from N700m in 2015. Savings:  Even at a time of low oil prices (and by implication low government revenues):  Nigeria’s External Reserves have grown by US$7 billion since October 2016  The Sovereign Wealth Fund has seen inflows of US$500m in 2016 and 2017 (the first inflows since the original US$1bn with which the Fund kicked off in 2012), and  The Excess Crude Account has seen an inflow of US$87m, in 2017. Phasing Out of Subsidy Regimes for Petroleum Products and Fertilizers. The Anchor Borrowers Programme (ABP) of the Central Bank of Nigeria (details below), combined with a newly developed soil map designed to aid fertilizer application, substantially raised local production of grains in 2016 (yields improved from 2 tonnes per hectare to as much as 7 tonnes per hectare, in some States) and produced a model agricultural collaboration between Lagos and Kebbi States. Nigeria’s rice imports fell from 580,000 MT in 2015 to 58,000MT in 2016 The Presidential Fertilizer Initiative (which involves a partnership with the Government of Morocco, for the supply of phosphate), has resulted in the revitalization of 11 blending plants across the country. The benefits include annual savings of US$200 million in foreign exchange, and ₦60 billion annually in budgetary provisions... click the below link for full report...

https://theeagleonline.com.ng/wp-content/uploads/2017/05/BUHARI-ADMINISTRATION-MIDTERM-REPORT_MAY-2017.pdf

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I want to see it in tabulated format. Thank you

Hmm