APC: Buhari kept his promise that Nigeria will exit recession in a short time

The All Progressives Congress (APC) says the administration of President Muhammadu Buhari is keeping its promises to Nigerians by working on the ‘Next Level’ plans for the country.

John Akpanudoedehe, national secretary of the APC caretaker and extra-ordinary convention planning committee (CECPC), said this in reaction to the report that Nigeria exited recession after its gross domestic product (GDP) grew by 0.11 percent.

In a statement on Thursday, Akpanudoedehe said the report gave credence to the fact that the Buhari-led government “walks the talk on its promises to Nigerians”.

He noted that Buhari had promised that Nigeria would exit recession within a short time, saying that the promise had been kept.

“Commendably, Nigeria’s exit from recession is the country’s first growth in three quarters amid the coronavirus restrictions and consequent economic slowdown,” he said.

“Nigerians will agree that the past era of profligacy, voodoo economics and waste which brought our economy to its knees are fast fading.

“With continued support for Buhari’s administration, the economy can only get better.”

Akpanudoedehe said the development was not a fluke, but a result of well-planned measures lined up by the federal government to ensure the country’s quick exit from recession.

According to him, the country’s early exit from recession is a result of the successful implementation of the federal government’s economic sustainability plan (ESP), among other things.

This, he said, ensured stimulation of the country’s economy to prevent business collapse, retaining and creating jobs through support to labour-intensive sectors, such as agriculture and direct labour interventions.

He added that it also included infrastructure investments in roads, rails, bridges, as well as promoting manufacturing and local production.

According to him, this created job opportunities and pro-poor spending and other social investments targeting the poor and other vulnerable groups in the country.

Akpanudoedehe commended stakeholders, particularly the national assembly, private sector and Nigerians for supporting the economic initiatives implemented by the government to exit the recession.