Nigeria’s Buhari 2.7% Economic growth forecast jostle Investors amid cabinet delay


    Nigeria’s economy is expected to grow 2.7% this year, President Muhammadu Buhari said on Wednesday, in his first public speech since his inauguration for a second term last month.

    president Muhammdu Buhari on Wednesday said his administration will leverage quality leadership to lift 100 million Nigerians living within extreme poverty, and bring economic growth. The President said this while delivering his inauguration speech in Abuja,

    World leaders amongst them, Presidents of Chad, Venezuela, Niger, Rwanda, North Korean Vice Premier, Liberia, Senegalese leaders, gathered at the Eagles Square,Abuja to witness the celebration of June 12 as Nigeria’s Democracy Day.

    The President had hosted some of the leaders to a Democracy Day dinner, last night where he used the opportunity to explain the main reasons behind the declaration of June 12 as Nigeria’s Democracy Day.

    Buhari said his administration believes in resolving some of the issues around the annulled June 12 1993 presidential elections

    “One of the principal issues, politically, was the recognition of that election in 1993 which was won by, now late, Chief MKO Abiola, an important progressive opposition leader. That is why we are celebrating June 12 as our new Democracy Day. So, we are really very happy that you are able to share with us a very special event – the celebration of our new democracy day.”

    The Democracy Day Celebration is currently featuring parade by the various arms of the Nigeria’s security agencies including the Army, Police, the Air Force and the Nigerian Navy.

    The President who arrived the Eagles Square a few minutes after 10 am for the event, is also expected to meet with leaders of the Lake Chad Commission, made up of leaders of Niger, Mali, Chad, Cameroon,on the new strategy to tackle the Boko Haram insurgents as part of the activities lined up for the celebration.

    Previous articleInvestors Mull Market-Determined Exchange Rate as Nigeria’s Central Bank Signals Weaker Official Naira
    Next articleNigeria’s Buhari vows improved economy, new infrastructure in 2nd term
    Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.


    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.