Tag Archives: Prediction

Read Lagarde’s Prediction On Nigeria’s Economy In 2016

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The Managing Director of the International Monetary Fund (IMF), Ms. Christine Lagarde, has predicted that the Nigerian economy will recover marginally in 2016, notwithstanding low oil prices.

Lagarde, in a statement posted on the fund’s website yesterday at the conclusion of her visit to Nigeria, said Nigeria experienced a decade of strong growth, averaging 6.8 per cent a year, “in 2015, however, growth is expected to slow to about 3 1/4 per cent, with a slight recovery in 2016”.

She stated that her visit to Nigeria was extremely fruitful and informative and thanked President Muhammadu Buhari for meeting with her to discuss Nigeria’s achievements and its outlook.

She also thanked the Finance Minister, Mrs. Kemi Adeosun, and Governor Godwin Emefiele of the Central Bank of Nigeria (CBN) for “their insights. In addition, I had the honour to address members of the National Assembly, chaired by Senator Bukola Saraki”.

On the Nigerian economy, she added: “Nigeria is the largest economy in aub-Saharan Africa, with the largest population, and its important role at the regional level has become increasingly recognized.

“The economy is well diversified, no longer dominated by agriculture and oil, with services accounting for almost half of GDP, including a significant home-grown film industry and innovative startups from fashion to software development.

“Nigeria has also experienced a decade of strong growth, averaging 6.8 per cent a year. 1n 2015, however, growth is expected to slow to about 3 1/4 per cent, with a slight recovery in 2016.”

She said during her meetings with the authorities, discussions focused on how to maintain economic progress while making the transition towards more inclusive and sustainable growth.

Credit: ThisDay

APC Presidential Primaries Result Prediction Report

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Former Vice President Atiku Abubakar is miles ahead of other contenders in the hunt for delegates for the All Pro­gressives Congress (APC) presidential primaries, according to findings by Aflah Consult, an independent research group.

In one of its research studies carried out last month, the group said data available to it after polling the known delegates, mainly the state, local council and ward executives and the three delegates chosen from each ward, Atiku stood the best chance of clinching the APC presidential primaries scheduled to take place on Wednesday, December 10, 2014.

The research group, however, said the data gathered did not include those of the members of the National Assembly, both former and serving, who are automatic delegates to the convention because these groups were not polled. This, how­ever, would not, in their view, alter the outcome of their findings.

According to the research by the Kano-based independent research group, 17 states and the Federal Capital Territory (FCT) are safely in the camp of Atiku Abubakar.

The Atiku states are Adamawa, Yobe, Jigawa, Taraba, Plateau, Benue, Zamfara, Sokoto, Kebbi, Cross River, Akwa Ibom, Abia, Ebonyi, Anam­bra, Delta, Ondo, Ekiti and FCT.

The research reveals that the pro-Buhari states totalling 10 are Borno, Bauchi, Katsina, Nasarawa, Kogi, Kwara, Osun, Ogun, Bayelsa and Rivers.

Kano State, for obvious reasons, according to the research findings, is safely in the net of the proponent of Kwakwasiya and Kano State Gov­ernor, Rabiu Kwankwaso, while votes of Niger State delegates would tilt towards the founder of the Leadership Group, Sam Nda Isaiah.

There are seven states, which are too close to call, meaning that they could go to Atiku, Buhari, Kwankwaso, or Nda-Isaiah. The seven states are Gombe, Kaduna, Oyo, Lagos, Edo, Imo and Enugu.

Aflah Consult is the brainchild of a group of social scientists drawn from some universities but mostly in the Bayero University, Kano.

Credit: http://sunnewsonline.com/new/?p=94456