President Muhammadu Buhari on Monday said he was pleased with the progress being witnessed in all sectors of the economy.
He expressed gladness that things were looking up after two years of what he called serious hard work.
According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President spoke while receiving briefing from the Minister of Budget and
National Planning, Senator Udo Udoma; the Minister of Finance, Mrs. Kemi Adeosun, and Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele
Adesina said the meeting lasted almost two hours.
The statement read, “For almost two hours, President Muhammadu Buhari on Monday received briefing from the Minister of Budget and National Planning, Senator Udoma Udo Udoma, the Minister of Finance, Mrs. Kemi Adeosun, and Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, after which a delighted President declared that he was pleased with the progress being made on different fronts.
“The ministers and CBN governor updated the President on the improving state of the economy, implementation of the 2017 Budget, preparation for the 2018 Budget, revenue strategies, combined cost reduction and debt management.
“Also discussed were monetary policy strategies and their economic impact, among others.
“President Buhari, while reminding the ministers and CBN governor that reviving the economy was one of the major planks on which the campaign of his party, the All Progressives Congress, was based, expressed gladness that things were looking up after two years of serious work.
“Urging them to keep at it, the President noted that the main aim of government was to bring succour to Nigerians across all walks of life.”
However, the Labour Party has said the President is wrong to say the economy is doing better now.
It said the President was probably assessing his health, which the opposition party said was improving.
The National Chairman of the party, Alhaji Abdulkadir Salam, told one of our correspondents that the state of economy was bad and that the President did not get it right.
He said, “The President was probably speaking about his own health, which he thinks has improved, and not the Nigerian economy. The President is not in a position to say that the economy has improved. When last did he go out of the Villa and when last did he interact with the common man?
“I’m sure he was not talking about the economy where the cost of living has skyrocketed, unemployment has reached unbearable level while inflation is also beyond what we can bear.
“So, help us tell him that he is wrong. He is not sure of the economy. He was speaking about his health and n0t the economy we are all seeing now.”