Where the growth?

Wao! Glory be to God

It grew by leeching on Nigerians not by any special development.

This is what you call base effects, i.e the "base" on which the growth is compared. If you remember 2nd quarter last year the economy was in lockdown so GDP shrank. This is simply measuring 2nd qtr GDP 2021 compared to 2nd qtr GDp 2020 .....ofcourse it is going to be higher, there is hardly a country in the world right now whose Q2 GDP compared to 2020 isnt above 6 %.

Audio growth . I wonder how this one affects the price of beans and garri

For those saying it is a lie, please note that 5% growth is like a drop in the ocean for a nation with the size and population of Nigeria. Also note that this is economy activities not per capital income which is really a reflection of the quality of life of the citizen of a country

Sirjamo:
Children of Doom will dismiss this good news. They'd rather scurry the internet, looking for where Fulani kill people.

You are just like the people you are supporting because you are an ethnic warrior.

FarahAideed:
What a huge lie ...5 percent from where ? What activities generated this phantom growth ? It's sad to see the NBS is now being forced to reel out fake statistics .... What did we export and what investments did we receive that warranted this growth?

Inflation levels are at an all time high , the Naira lost so much Value in this same quarter , Buhari borrowed more in the same quarter , insecurity reached an all time high in this same quarter , doctors went on strike in this same quarter but yet the NBS is reporting 5 percent growth.

This happened on the back of heavy borrowing by the government, not sustainable

drealcivilceno:


Using the bolded, how did he clickbait us...

The headline was clickbait the info inside the thread doesn't match the headline

And they want us to believe this

Inside this daily killings and insecurity. Who dey fool who sef?


DEMONIC Bo-kohari govt

GDP growth!! Yet
No significant impact in livelihood of citizens

Naira keep depreciating again dollar

Bluntguy:
That NBS is becoming useless if they can come up with this kind of lies. Is the bureau also under Lie Mohammed's ministry?

all govt bodies are practically becoming useless under Buhari... . Are they APC members

AlhajiBitcoin:

The Topic is pure deceit.

The growth rate last year was -6.1% in 2nd quarter 2020. And this negative growth rate improved by 5.01% in 2nd quarter, 2021.

Here is the calculation ( -6.1 + 5.01 ) = -1.09%

The actual GDP growth rate for APRIL, MAY, JUNE, 2021 is = -1.09 %



Nigeria is in recession.

Its obvious only u read and understood the write up, others just read the heading and started to post comments

Sirjamo:
Children of Doom will dismiss this good news. They'd rather scurry the internet, looking for where Fulani kill people.

Your lack of understanding is pathetic... At least read comments and move on

That's what you see on papers and not tangible in real life situation

Kwanza:


https://www.thecable.ng/breaking-nigerias-economy-grows-by-5-in-q2-2021

Sarcasm...

Where is the economy??

The GDP growth is useless hence inflation rate is high,
high poverty rate (low par cap income)

Illiterates

Kwanza:


https://www.thecable.ng/breaking-nigerias-economy-grows-by-5-in-q2-2021

While naira to dollar is 550. People are languishing in squalor. Inflation is out of this world. Continue the lying.

this is crazy. how did they arrive at that despite hash and glaring economic realities. they should prove it.

The NBS is only adhering to the order from above that buhari doesn't want to end his regime as a failure.
So all hands must be on deck for Mr president's makeover

In your dumbest dreams


#Bullocks for Brainless buffoons

Useless govt of self serving thieves and sadistic scums

Nigerian economy keeps growing in papers and on the internet.
While the citizens can hardly afford three square meal.
Nigeria should be renamed Paper country

Pls I want to know if random payment to kidnappers can increase GDP growth?

ANOTHER FAKE ASS NEWS! Why do the BRITIS FULANI TERRORIST government choose to keep deceiving gullible LIEGERIANS?

huptin:


This happened on the back of heavy borrowing by the government, not sustainable

In a recession, one sure way of getting out of it is to spend heavily to restart activities and prevent further contraction of activities in the economy.
The funds must come from somewhere, either raising taxes or taking on debt. Raising taxes has its own problem in an economy with good tax system with wide net. Maybe less impact on spending power in a low tax system like in Nigeria with good scope for widened net.

It will be counterproductive to cut spending and investment in an economy seeing recession. The strategy to take on debt considering the difficulty and unpredictability of wider tax net.

But tax must be collected in the long term to guarantee repayment or servicing of the loans taken.

Selfmotivated:
That's what you see on papers and not tangible in real life situation

So a guy who earns 30k last year will call collect 31,500 this year at 5% increase and you expect his life to be transformed overnight? Is 5% increase the rate of returns from blood money?

GDP growth rate is not like doing money rituals abeg.

Lol, 5% from inside gutter. Only fools will eat up this rubbish.

FarahAideed:
What a huge lie ...5 percent from where ? What activities generated this phantom growth ? It's sad to see the NBS is now being forced to reel out fake statistics .... What did we export and what investments did we receive that warranted this growth?

Inflation levels are at an all time high , the Naira lost so much Value in this same quarter , Buhari borrowed more in the same quarter , insecurity reached an all time high in this same quarter , doctors went on strike in this same quarter but yet the NBS is reporting 5 percent growth.

The NBS didn't lie. The question is 5% from where? Where was Nigeria's economy in 2014 and how far has it fallen to where it is today?