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‘Anyone disparaging Nigeria’s economic progress is living in denial’

By Abiodun Alade, @biodunpen

Special Assistant to President Goodluck Jonathan on New Media, Reno Omokri, has faulted claims by the presidential candidate of the All Progressives Congress,  APC, Gen. Muhammadu Buhari, that Nigeria’s economy is not in good shape.

Renofact RenofactsOmokri, took to micro-blogging site-Twitter to debunk the allegation of Gen. Buhari who addressed the Chatham House, London, Thursday.

“Facts are sacred opinion is free. Anyone disparaging Nigeria’s economic progress is living in denial,” he posted with accompanying images of the verdict of international organisations that Nigeria’s economy is on the positive side.

New York-based financial software, data and media company, Bloomberg, Wednesday, projected Nigeria as the sixth fastest economies in 2015, ahead of  United Arabs Emirate, South Korea, Saudi Arabia, Mexico among others.

It will be recalled that CNN Money, a business analysis programme, in January, listed Nigeria as one of the fastest growing economies for 2015. According to the report, in 2014, Nigeria’s Economy grew by 7.1 per cent.
It said that in 2015 the economy was expected to grow by another 7 per cent.

Global professional services firm, KPMG, also praised the ongoing $13 billion high speed rail project that is expected to transverse 10 states in the country, listing it and the trans-Saharan natural gas project among the top 100 infrastructure in the world.

United Nations Conference on Trade and Development, UNCTAD, said that Nigeria has the 4th highest rate of investment return in the world; International Food Policy Research Institute said that hunger in Nigeria is reducing, while the World Bank said that poverty in Nigeria is down by 2%. Recent rating by Transparency International also shown that corruption has reduced.

 

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