President Muhammadu Buhari, on tuesday expressed his happiness that the country was coming out of recession.
The president made this remark in Daura, Katsina state while speaking with journalists, during a courtesy visit paid him by President of Niger, Alhaji Mahamadou Issoufou.
The National Bureau of Statistics (NBS) yesterday, 5th September, 2017 released a report which indicated that the country had finally emerged out of the grips of recession which the nation had been facing since August 2016.
According to the NBS report, “In the second quarter of 2017, the nation’s Gross Domestic Product (GDP) grew by 0.55% (year-on-year) in real terms, indicating the emergence of the economy from recession after five consecutive quarters of contraction since Q1 2016”
The report shows that the 0.55% growth was influenced by improved performance of oil, agriculture, manufacturing and trade sectors of the economy.
Speaking on growth, Buhari said, “Certainly I should be happy for what it is worth. I am looking forward to ensuring that the ordinary Nigerian feels the impact.”
The President however said, all hands must continue to be on deck to ensure that the economy continues to improve and positively affect all Nigerians.
According to him, “Until coming out of recession translates into meaningful improvement in peoples’ lives, our work cannot be said to be done”