The Special Adviser to the President on Media and Publicity, FEMI ADESINA, said the report indicates that President BUHARI is working for the progress and prosperity of all Nigerians.
Addressing a group of demonstrators from the Centre for Civil Society and Justice in Abuja, the Presidential spokesman noted that recession was brought upon Nigeria due to some mistakes of the past.
Commenting further on President BUHARI’s twitter handle @MBuhari, the President noted that the real change for Nigerians is an impact that is felt in their lives and their pockets.
The President said his administration was on the right path, and would continue to work until coming out of recession translates into meaningful improvement in the life of Nigerians.
Similarly; the Vice President, Professor YEMI OSINBAJO said it was with cautious optimism that the Buhari Administration received the NBS Second Quarter Report.
Professor OSINBAJO said government would intensify implementation of the Economic Recovery and Growth Plan that was launched earlier this year in a bid to sustain the gains that are being recorded.
OSINBAJO noted that the overall economic plan and direction of the administration has resulted, among other things, in sustained restoration of oil production levels, sustained growth in agriculture, mining and the first growth in industrial development since 2014.
The position was contained in a statement by the Senior Special Assistant on Media and Publicity in the Office of the Vice President, LAOLU AKANDE.
However; the Vice President noted that although unemployment remains relatively high, it is expected to improve as businesses and employers respond to the improving business environment and favorable economic outlook.
Furthermore; Professor OSINBAJO said the report indicates that food inflation has remained high and volatile due to high transport costs and seasonal factors such as the planting season.
However; he is of the view that investments in road and rail infrastructures, increased supply and availability of fertilizers and improvements in the business environment would contribute to the easing of food prices.
