ECONOMIC RECESSION: STATISTICS NOT REALITY - PDP

Peoples Democratic Party (PDP) has urged Nigerians not to see every statistics as an indication of reality.

PDP made this known following Tuesday report by National Bureau of Statistics (NBS) that the nation had exited the economic recession that worsened living conditions in the past two years.

NBS had in its 2017 second quarter report yesterday indicated that the Nigerian economy had exited recession, having notched up a growth output of 0.55 per cent in the oil, agriculture, manufacturing and trade sectors.

According to the bureau, “In the second quarter of 2017, the nation’s Gross Domestic Product, GDP grew by 0.55 % (year-on-year) in real terms, indicating the emergence of the economy from recession after five consecutive quarters of contraction since the first quarter of 2016.”

Expectedly, the report has continued to elicit diverse reactions with some stalwarts of the ruling All Progressives Congress (APC) basking in ecstasy.

In an exclusive chat with our correspondent, Chairman, National Caretaker Committee of PDP, Senator Ahmed Makarfi said it is the wish of every Nigerian for the country to overcome the current hardship, warning however that statistics differs from reality.

“PDP is not praying for the country to be in recession. Statistics may indicate one thing, but reality is different", he said.

Vanguard

 

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