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FG targets 10% economic growth by 2012, says Jonathan

By Emma Amaize
PRESIDENT Goodluck Jonathan says     the  nation’s economy recorded a growth of seven per cent in the last four years, a three per cent difference from the four per cent, four years ago, and that government is targeting an increase to 10 per cent by the end of 2012.


Baring his mind on the Haliburton bribe scandal, he stated, “As you may have read, the Office of the Attorney General has begun the process of prosecuting those involved in the Haliburton bribe scandal. It serves our country no good to shield corrupt individuals or corporations. From inception this administration gave a free hand to all anti corruption law enforcement agencies to perform their duties to the fullest extent permitted by law.”

“ I sincerely want to urge my fellow citizens to be optimistic and believe in Nigeria as ultimately expectations tend to be reflected in reality, so if we expect and believe the best of Nigeria our expectations are likely to become reality”, he added

Still on the seven per cent economic growth, he said, “This administration recognises that we have several challenges as a nation and we are working on resolving these as best we can. But there is some cheering news in the fact that our economy verifiably grew by seven per cent during the first half of this year. Now that we have this momentum, we are not going to rest on our oars”.

He added, “This government has set out plans (which I have kept you abreast with on this page) to aggressively develop infrastructure, reform the power sector, create opportunities for our people to be employed through stimulating industrial growth among others. We have taken steps to give support for the bail out of the Textile Industry and effective funding for the real sector of our economy”.

“The expected end result is to grow the economy by at least 10 per cent by the end of 2012. Only four years ago we were celebrating a four per cent economic growth and now we recorded an improvement of seven per cent in the first half of this year”, he said, pointing out that the 10 per cent target for 2012 was certainly within reach as long  as Nigerians work together.


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