Nigeria Scales Up To 36th Position On Global GDP Ranking …A 6.6 Percent Growth Rate, One Of The Fastest Obtainable Worldwide


The Federal Government yesterday said the nation had witnessed improvement in the global Gross Domestic Product ranking from number 44th in 2010 to 36th in 2012, recording a 6.6 per cent economic growth,one of the fastest growth rates obtainable anywhere in the world.

OKONJO IWEALAPresident Goodluck Jonathan, who was represented by Vice-President Namadi Sambo, said this while declaring open the 6th National Diaspora Day Conference organised by the Office of the Secretary to the Government of the Federation in Abuja.

The conference had as its theme, ‘Diaspora Nigerians –Agents of investment and development.’

“We have further reduced our fiscal deficit in the 2013 budget to 1.81 per cent of the GDP and significantly cut domestic borrowing,” Jonathan said.

He also applauded Nigerians in the Diaspora, who had responded positively to the call for greater involvement in the nation building process, adding that they should be very proud for their remittances and…

View original post 240 more words

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s