Connect with us

Hi, what are you looking for?


Statistics Bureau Report Confirms Buhari Economic Policies are working, says SW Group

The positive numbers coming out of the recently released Real Quarterly GDP Growth Report for Quarter4 by the National Bureau of Statistics(NBS) is a confirmation that the economic policies of President Muhammad Buhari are working, the South West Youths for Buhari (SYB), has said.

In a statement in Lagos yesterday by its Publicity Secretary, Comrade Foluso Ojo, the group said with those numbers Nigeria is surefooted for economic boom under President Buhari.

The NBS in its latest report indicated that that the GDP expanded by 2.38% in quarter 4, 2018 from 1.81 recorded in quarter 3, 2018; the fastest since 2014.

According to Ojo, “One thing that is noteworthy about this report is that despite the fact that there was significant  contraction in the oil sector, the overall economy recorded sizeable growth largely due to the economic diversification policy of the Buhari government.

“We congratulate Nigerians,  President Buhari and his team on this feat because we are more than ever confident that the President is on the right track in leading our nation to another period of economic prosperity.”

SYB further explained that the policies of the Buhari administration towards revamping the manufacturing sector and reduce the nation’s dependence on importation is already bearing fruits.

Ojo added: “What the NBS figures also show is that “Nigeria’s total capital importation dropped to $2.14 billion in the fourth quarter of 2018 (Q4, 2018) compared to $2.85 billion in the preceding quarter .

“This represented a decrease of 25.05 per cent quarter on quarter and 60.24 per cent decrease when compared to estimates in Q4 2017.

“To us,  these figures are heartwarming and represent one more reason why Nigerians should vote President Buhari to consolidate on these economic group.”

The group warned that Nigeria currently needs to stabilize its economy and “not another round of experiment with people who think they can plagiarize policies from China without full  understanding  of Nigeria’s peculiar context. Indeed, China like every other serious government has been so committed to Anti-Corruption in order to grow such that  it executes thieves, we look forward to the day Nigeria will follow suit soon”

 The group further called on citizens to vote wisely by rewarding President Buhari for growing the economy in Quarter 4 as attested to by the latest NBS Report.


Comrade Foluso Ojo

Publicity Secretary,

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts


When Philadelphia law enforcement officers used the term Black Friday to describe the chaos that ensued after suburban shoppers and tourists flooded the city...


THE decision of Niger State Government to slash the salaries of workers by 50 per cent is causing ripples in the state as the...


Aftermath of loosing the case against Peace Hotels Limited in the court of law on Tuesday, AMCON is said to have ignored the Court’s...


THE All Progressives Congress in Rivers State has described the Minister of Transportation, Rotimi Amaechi’s decision to stay away from Tuesday’s South South stakeholder’s...


An Abuja Federal High Court has vacated an ex-parte order against Peace Global Satellite Communication network and it’s Managing Director, Oreye Udo Livingstone which...

You May Also Like


Indications have emerged that the National leader of the All Progressive Congress (APC) Asiwaju Bola Ahmed Tinubu may have shifted allegiance from his party’s...


Former Emir Of Kano, Sanusi Lamido Sanusi may have put his dethronement in March this year, as the traditional head of the ancient Northern...


Popular gospel act, Lanre Teriba aka Atorise is presently in an unstable condition following injuries he sustained during an attack in Lagos at the...


Good morning Gentlemen of the Press and thank you for honouring our invitation. Let me start by appreciating the Inspector General of Police, IGP...