Even though hyper-inflation is yet to be tackled the following are the progress report on economic reform.
- GDP growth rate increases to 3.46%.
- Unemployment reduces to 4.3%.
- JBS announces it will invest $2.5 billion in Nigeria.
- Non-oil revenue hits a record of ₦10.33 trillion for the first eight months of 2024, and
- Net foreign exchange inflow onto
- Nigeria's economy rose by 67.8% to $27.6 billion in the first half of 2024 from $16.44 billion in 2023.
Solution to the present hyper-inflation is: increase productivity - the more the productivity (Supply) the lower the price of items. Sooner or later, the hyper-inflation would be resolved with increase in productivity by way of bringing investors to Nigeria.
PBAT has turn himself to marketer in this regard and wooing investors into Nigeria. While some elites and haters of Nigeria are busy discouraging investors.
May God crown PBAT's efforts with success.
Meanwhile, Peter Obi is silent. See the image above. Perhaps he is grieving the arrest of Simon Ekpa by the Finnish government.
God bless Nigeria our beloved country!!!
Source:
https://x.com/renoomokri/status/1861131841710805256
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.