And they are saying that GEJ has not done anything in nigeria but to allow insurgency hahaha i laugh AS AN ECONOMIST ,I WILL CATEGORICALLY TELL YOU WHAT GEJ HAS DONE ECONOMICALLY MAJOR ECONOMIC ACHIEVEMENTS OF THE JONATHAN ADMINISTRATION The Economy Improvement in Economic Indices - In October 2011 International Ratings agency, Fitch Ratings revised the country’s Outlook upwards from Negative to Stable. Standard and Poor’s another internationally respected and independent ratings agency, revised Nigerias ratings from stable to Positive. Signing into law the Nigerian Oil and Gas Industry Content Development Bill 2010 (Local Content Bill) which has increased Local Content in the Oil and Gas sector. Ø As a direct result of that law Royal Dutch Shell awarded a N7.8 billion ($49.9 million) contract to a Nigerian firm, S.C.C Limited, for the manufacture of high pressure line pipes that would otherwise have been awarded to a foreign firm. Ø As a result of this law, Exxon Mobil awarded an off shore platform contract to a local firm, NigerDockNig. PLC that would otherwise have been awarded to a foreign firm. Initiating the Sovereign Wealth Fund (SWF). A seed capital of $1 billion was provided to kick start the fund as well as establish three sub funds- the Nigeria Infrastructure Fund; the Future Generations Fund and the Stabilization Fund which will be the pillars of the SWF. Launched the Youth Enterprise with innovation in Nigeria (YOUWIN) initiative on the 11th October 2011 which is the administrations job creation centre piece. Ø On Thursday April 12, 2012, 1,200 Nigerian youths emerged winners of the competition following a transparent process. Each winner receives a business start up grant of between 1 to 10 million Naira. Foreign exchange reserves rose to $37.02bn by May 14, 2012, the highest level in 21 months. On March 29th, 2011, The UK Government in London described Nigeria as the fourth fastest growing economy in the world. On February 13 2012, President Goodluck Jonathan launched the Public Works Women and Youth Empowerment Programme, an intervention programme designed to employ 370,000 youths in the year 2012 with 30% of those jobs being reserved for women. The Federal Government under President Jonathan has secured investment commitments worth 4.89 Trillion Naira. My son Uche ,do you need more?
Posted on: Wed, 14 Jan 2015 07:53:50 +0000