Exiting recession is meaningless if peoples’ lives do not improve positively – Buhari

 

…as President receives his Nigerien counterpart, Mahamadou Issoufou in Daura

 

President Muhammadu Buhari on Tuesday said he won’t rest on his oars until the ordinary Nigerian on the street feels the positive and economic impact of the nation’s exit from recession.

TheNewsGuru.com reports that the President said this while receiving his Nigerien counterpart, President Mahamadou Issoufou who visited him in his home town, Daura, Katsina State on Tuesday.

“Nigeria is finally out of economic recession,” he said.

Buhari told newsmen after a closed door meeting with the visiting Issoufou that he was “very happy’’ to hear that the country was finally out of recession.

In his words: “Certainly I should be happy for what it is worth. I am looking forward to ensuring that the ordinary Nigerian feels the impact.’’

Buhari commended all the managers of the economy for their hard work and commitment, stressing that more work needed to be done to improve the growth rate.

“Until coming out of recession translates into meaningful improvement in peoples’ lives, our work cannot be said to be done.’’

In his remarks, the Nigerien President said he was delighted to see President Buhari in good health.

He prayed that the almighty God would continue to strengthen him.

President Issoufou said he used the opportunity of the visit to discuss some bilateral and regional issues with President Buhari.

He said that the issues included the fight against Boko Haram, the economic challenges in the Lake Chad Basin and other developmental concerns that directly affected the livelihood of the citizens of both countries.

The Nigerien President was accompanied on the visit by a former Prime Minister, Dr Hamid Algabid, and the President of the Economic, Social and Cultural Council of Niger, Moussa Moumouni Djermakoye.

TheNewsGuru.com reports that the National Bureau of Statistics (NBS) on Tuesday announced that Nigeria was out of economic recession.

The NBS said this in a Gross Domestic Product (GPD) Report for Second Quarter 2017 released by the bureau in Abuja.

The NBS said that the nation’s GDP grew by 0.55 per cent (year-on-year) in real terms in the quarter, indicating the emergence of the economy from recession.