A case of sour-grapes to the Power N! LOL! Hear him: My advice to President Jonathan and his handlers is to stop wasting their time trying to campaign on his job record. Those who have decided to vote for him will not do so because he has taken Nigeria to the moon. His record on the economy is a clear ‘F’ grade. As one reviews the laundry list of micro interventions the government calls its achievements, one wonders whether such list is all that the government could deliver with an unprecedented oil boom and an unprecedented public debt accumulation. I can clearly see why reasonable people are worried. Everywhere else in the world, government performance on the economy is measured by some outcome variables such as: income (GDP growth rate), stability of prices (inflation and exchange rate), unemployment rate, poverty rate, etc. On all these scores, this government has performed worse than its immediate predecessor— Obasanjo regime. If we appropriately adjust for oil income and debt, then this government is the worst in our history on the economy. All statistics are from the National Bureau of Statistics. ~ Prof. Chukwuma Soludo What else do you expect from Prof. Chukwuma Soludo, an Obasanjo Loyalist who wasnt given a second term as the CBN Governor by the Yaradua-Jonathan Administration and who failed to get President Jonathan to rig him into being the PDP Governor of Anambra State? It is very sad that intelligence does not cure one of prejudice borne out of intellectual narcissism. SMH! Since 1986 when Gen. Ibrahim Babangida introduced the Structural Adjustment Programme (even while amassing debts from the Paris Club), no other government has done as well as President Goodluck Jonathans in the effort to diversify and liberalise the Nigerian economy. The evidence abounds: * Ongoing reforms in the power sector; * Growth of the Agricultural sector; * Recognition and provision of financial support to the entertainment industry; * Financial inclusion and economic empowerment for youths through the YouWin Programme; * Largest ever Foreign Direct Investment Inflows into the country; * High Growth in Gross Domestic Product which is acknkwledged by the World Bank and leading international economists as among the top five best in the world; * Nigeria now among the leading investment destinations in the world (the Frontier Economies); * Huge infrastructural development, including roads, airports, power assets, railways etc. It is pathetic when those who should know better play politics and ignore the empirical facts. With GEJ and #TransformationReinvigoratedTill2019 I know...... NIGERIA DI FURE!
Posted on: Mon, 26 Jan 2015 02:28:12 +0000
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