Nigeria News

PDP Commends Jonathan on the Economy

President Goodluck JonathanThe National Working Committee (NWC) of the Peoples Democratic Party (PDP) yesterday applauded President Goodluck Jonathan for what it described as  the milestones so far achieved in the  critical sectors of the economy through the Transformation Agenda of the party led administration.
 
The party, in a statement by its National Publicity Secretary, Olisa Metuh, noted that the President had vigorously pursued his economic reforms and expressed happiness that they have started yielding  results.
 
According to the statement, “We are indeed highly impressed that the reforms initiated by the President have started yielding very high dividends resulting in a massive leap in the nation’s economy which has also been acknowledged by the world community; the latest being the Fitch Ratings which affirmed  Nigeria's long-term foreign and local currency IDRs as well as  senior  unsecured bond and Short-term foreign currency IDR ratings respectively at 'BB”s.
 
The party noted that “it is heart-warming that at a time other economies of the world are having a downward trend, Nigeria’s economy on the other hand, is experiencing stability and growth.”
 
It listed some of the factors that led to the positive rating to include massive developments in the power, agriculture and road sectors as well as reforms in finance, commerce and industry.
 
Particularly, the PDP commended the President for “initiating the New  Automobile Industrial Policy Development which is focused on promoting investments in affordable made-in- Nigerian vehicles” even as it “noted  the conclusion of arrangements to kick off passenger service on the Eastern railway route before the end of December.
 
“We are happy that the New Automobile Industry Policy is already yielding results. Direct foreign investments are already flowing in from leading vehicle manufacturers including Nissan and Stallion Group which  have entered into an agreement with the federal government to establish auto plants in Nigeria.
 
“This policy which also promotes the manufacturing of spare parts of vehicles used in the country will not only generate massive employment  for our people but will guarantee technology transfer, reduction in cost  of vehicles, increase in ancillary investment opportunities and a boost  in medium and small scale enterprises.
 
This, no doubt, will contribute in  transforming our country into a manufacturing hub in Africa.
 
“In the power sector, President Jonathan has shown resilience in ensuring the achievement of production targets. We note that acceleration of works that led to the inauguration of the Geregu Power  Project in Kogi State on October 4, as well as the Omotosho 2 Power Station in Ondo State which was inauguration last Saturday.
“The party also notes the acceleration of works in other power plants including  Calabar, 630 megawatts ; Egbema, 378MW; Ihorvbor, 504MW; Gbarain 252MW; Sapele, 504MW; Omoku, 252MW; Alaoji, 1076MW and Olorunsogo, 750MW.
 
“We commend President Jonathan for not allowing himself to be distracted from his avowed commitment towards the development of the nation and the welfare of Nigerians. He has remained resolute in meticulously and calmly driving his transformation agenda, and for this, we are highly impressed. The nation is on a sure path to economic prosperity, the party urged all Nigerians to keep faith alive and continue to support the reforms initiated by the PDP-led administration so as to consolidate on the gains so far achieved,” PDP said.
 
Meanwhile, the national chairman of the PDP, Alhaji Bamanga Tukur, has congratulated former Head of State, General Yakubu Gowon, on his attainment of the age of 79.
 
Tukur said:, “You are a man of courage, wisdom, administrative acumen and political sagacity which you have displayed in and out of government mostly as a former Head of State and Commander-in-Chief of Nigerian Armed Forces.
“It is noteworthy that you once gave your life to fight for the unification of Nigeria and her existence as a corporate entity.
 
In a sense, you can be described as an apostle and epitome of the unity and oneness of Nigeria.
 
“You have by service to the nation and the Christian church immortalised your name and person while alive and your name certainly has been written in the annals and pantheon of Nigeria’s heroes.
 

Leave a Reply

Your email address will not be published. Required fields are marked *