FG Debunks Report on the Economy

The federal government has debunked reports credited to the African development bank, AFDB in its 2013 African economic outlook which rated Nigeria’s poverty reduction drive as low.

In a statement, the Minister of Information Labaran Maku described the alleged report as bogus and disingenous innuendos noting that there has been a steady progress in the area of wealth creation through various empowerment programmes of government.

He stressed that the Ngerian economy is doing much better than any other of its size on the continent and the poverty statistics which were rehashed by the media from 1996 to 2010 which the purported AFDB report is based have been overtaken by some laudable interventions by President Jonathan.

He said with the Nation’s GDP growth put at 6.7 percent, the economy is growing faster than any other country’s economy on the continent with reforms going on in the power aviation, education and other key sectors of the economy.

Mr. Maku disclosed that the YOUWIN programme which is entering its third year has already created over twelve thousand jobs across the country and it is expected to create up to eighty thousand more jobs by 2015.

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