Vice President Mohammed Namadi Sambo has remarked that the economic indices of Nigeria have been quite impressive since the inception of President Goodluck Jonathan’s administration.
The vice president made this remark on Wednesday at a reception organised for him in Abidjan by the members of Nigeria’s community in Cote D’Ivoire.
Sambo used the occasion to highlight on the various inroads made by the current administration in Nigeria in its transformation Agenda in the political and socio-economic spheres, adding that various policies of the administration were yielding positive results within the economy.
He also stated that the prospects of Nigeria emerging as one of the largest economies in the world were high based on global ratings as Nigeria was home to a stable of large, well-capitalised banks, the 10th world largest reserves of oil and gas, with emerging world’s largest cement companies and an expanding Gross Domestic Product with 7.6 per cent growth rate in the fourth quarter of 2013, relative stability of the external reserve as well as the national currency.
Sambo further stated that Nigeria now produces over one million tonnes of rice per annum and “in the next few years, we would be exporting the commodity.”
He cited the example of the cement industry, with production as at 2010 barely two million metric tonnes, but now produces around 30 million metric tonnes, making the country a global exporter of the product.
The vice president also informed the community that the Nigerian government has established a Diaspora Bond for Nigerians in the Diaspora so that they too could participate in the economic activities of their country and assured them of government’s efforts towards ensuring that Nigerians in the Diaspora also participate in the election of their representatives.
He called on the members of the community to continue to be good ambassadors of Nigeria and on its part Nigeria would continue to protect the interest of its citizens wherever they.
Speaking earlier, leader of the Nigerian community in Cote D’Ivoire, Nasiru Kareem, described the vice president as a man with deep sense of humility and commitment to service.
Kareem said: “For those who know our character, we are not hasty in giving scores but the current administration’s transformation agenda is visible to our eyes. We see a Nigeria that is working and we see that things hitherto impossible are now in place.”
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