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Nigeria will Surpass IMF, FG’s GDP Growth Forecast of 2.6 %, 3 % BMO

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There has been a challenge to both the International Monetary Fund (IMF) and the Federal Government of Nigeria’s projection for the country’s Gross Domestic Product (GDP) growth for 2021.

The Buhari Media Organisation (BMO) says the country’s GDP growth for 2021 will surpass both predictions.

While IMF predicted 2.
6 per cent growth, the Federal Government put it at 3 per cent.

According to the group, quoting figures from the Nigeria Bureau of Statistics (NBS), our GDP stood at 4.0 per cent in the third quarter of 2021 from 5.01 per cent in the second quarter, as against IMF prediction of 2.56 per cent growth.

In a statement signed by its Chairman Niyi Akinsiju and Secretary Cassidy Madueke, BMO said the Federal Government forecast 3 per cent for the same period, “but, based on several positive indicators, the country’s GDP will indeed exceed the IMF projection of 2.

6 per cent and the government’s 3 per cent at the end of the year 2021.

“We believe that Nigeria’s aggregate GDP growth will surpass both projections based on the various proactive and progressive economic measures put in place by the President Muhammadu Buhari administration.

“It will be recalled that the Covid-19 pandemic had plunged many countries’ economies towards a downward GDP trajectory, with Nigeria being no exception.

“We however note that the country’s economy had shown some resilience even before the pandemic, and following the various economic measures enunciated by the Buhari administration; among them, the Economic Sustainability Plan(ESP), the country was able to withstand the shocks of the COVID-19 pandemic, and its economy remained even more resilient and productive till today.

“We believe that President Muhammadu Buhari’s foresight early in his administration to promote the diversification of the country’s economy equally helped the country’s economy to withstand the after-effects of the global shutdown due to the Covid-19 pandemic for the greater part of 2021.

“We also see the upward rise in the GDP growth of Nigeria as a positive sign that the economic policies of the Buhari administration are working, and soon Nigerians will start reaping the benefits inherent in them”.

The group commended the Buhari administration for the prudent and transparent management of the country’s economy, which it believes has saved the country from the calamitous effects of the COVID-19 pandemic.(NAN)

POLITICS

2027: I have No Presidential Ambition – Yahaya Bello

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Former governor of Kogi, Alhaji Yahaya Bello on Friday said he won’t contest against President Bola Tinubu in 2027 because he has no presidential ambition.

In a statement signed by Michael Ohiare, his Media Director, Bello expressed surprise and shock over a video post of his 2022 rally,  claiming he had started campaigning against President Tinubu for 2027.

The statement read: “While we state categorically, that our principal, Bello, has no 2027 presidential ambition, we want to also stress his unflinching commitment to the re-election of President Tinubu come 2027.

“The indices cannot lie. The President and his team have done exceedingly well for the country, despite global challenges.

On merit, he deserves the support of well meaning Nigerians.

“Nigerians should disregard the mischievous post insinuating a fresh presidential support rally as what it is – a senseless post by a confused, witless mind

“The fabricators forgot that the 2022 dates are boldly written on the banners on display. Yet, they expect reasonable people not to see this as the handiwork of detractors. ” he said.

Ohiare described the post as a “senseless post” by mischief makers, who have no other job than to fabricate falsehood and disseminate same to mislead unsuspecting Nigerians.

According to him, the fabricators have tried so hard in their “bring-him-down-at-all-costs” mission against Bello but have always failed woefully.

The director stated that it was not the first time detractors and their co-travellers would fly absolute falsehood with the aim of setting the former governor against President Tinubu.

“But this latest slant of reposting a 2022 rally afresh and insinuating that it is just happening, connotes nothing but sheer mischief.

“Nigerians should be wary of witless persons who concoct stories without thinking, just to satisfy the interests of their paymasters, ” he said

He stressed that the post was out of desperate bid to create crisis where there is none. (NAN)

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POLITICS

2027: APC Governors Endorse Tinubu

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The Progressive Governors Forum on Thursday at the All Progressives Congress (APC) National Summit held in Abuja endorsed President Bola Tinubu as sole candidate for the 2027 presidential election.

The endorsement, which was moved by Gov. Hope Uzodimma of Imo and Chairman of the forum Chairman, was seconded by Gov.

Uba Sani of Kaduna State.

Uzodimma, who spoke on behalf of the forum, emphasised commitment to mobilising resources and ensuring victory for Tinubu in their respective states.

The governors expressed confidence in Tinubu’s leadership and reforms, promising to deliver their states in the upcoming elections.

This endorsement follows similar moves by other APC regional leaders, including the North Central governors who recently passed a vote of confidence in Tinubu’s administration, praising his developmental strides and inclusive governance approach.

(NAN)

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POLITICS

Senate Passes Bill Establishing FMC Adikpo into Law

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By Eze Okechukwu, Abuja

The Senate yesterday passed into law a bill for the establishment of a Federal Medical Center, Adikpo in Benue state.

The bill which was sponsored by Senator Emmanuel Udende (APC, Benue North East) was read for the third and final time during plenary with an unanimous approval by the legislatures when it was committed to the Committee of the whole.

The bill, according to Udende, seeks to establish a federal medical center in Adikpo which will not only cater for the health needs of the people of Benue North East senatorial zone but Benue state and Nigeria in general and beyond.

“The bill awaiting presidential assent seeks to bring medical care closer to the people, especially in times of emergency.

The distance between Adikpo , a Nigerian boarder town and Makurdi, Benue State capital where a Federal Medical Center exists is over 300 kilometers, so patients who need medical care within the Adikpo axis are on a danger line, hence my resolve to use the instrumentality of the parliament to address the troubling health challenge”, senator Udende said.

He explained that the people of Kwande who share boundaries with the Republic of Cameroon most often are required to seek medical attention outside their country and in most cases are frustrated or cannot afford the cost.

According to senator Udende, the strategic location of the health facility will provide potential economic benefits of trade and cultural exchange, giving its proximity to the Republic of Cameroon.

He stressed that the Federal Medical Centre will also trigger infrastructure development, healthcare and open up the locality in terms of education while expressing concerns that the absence of such institutions on the side of the Nigerian border town has grossly caused underdevelopment.

The senator however commended the senate Committee on Health and Tertiary Institutions for conducting a public hearing which gave rise to the final parliamentary journey of the bill.

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