The Nigerian economy will be significantly better in 2018 going by the consistent positive trend of key indicators since the country emerged from recession in the second quarter of last year, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said.
Senator Udoma who was speaking at the 2018 Economic Outlook Forum of the Redeemed Christian Church of God (RCCG), Kings Court Parish, in Lagos over the weekend, said that these positive sentiments are shared by most international and local rating agencies, who support the view that the Nigerian economy is poised to grow rapidly in 2018.
Senator Udoma indicated that this growth will create opportunities for investment in areas such as agriculture and agro-processing, industry, mining, construction and services.
He emphasized that in order to continue on the positive trajectory, it is important that we sustain the implementation of the Economic Recovery and Growth Plan. He assured that Government is determined to lead in that effort and appealed to the private sector to respond to the various initiatives which the Government has been rolling out. As he said, “there is no doubt that more work needs to be done and we all must work together to achieve sustainable results”.
The Minister said the ERGP was designed to tackle constraints to growth, leverage the power of the private sector, promote national cohesion and social inclusion, allow markets to function and uphold our core values. The broad objectives of the plan, he explained, include restoring and sustaining growth, building a competitive economy and investing in our people.
The main focus of the plan, he explained further, is to stabilize the macroeconomic environment, achieve agriculture and food security, improve transportation infrastructure, ensure energy sufficiency in power and petroleum products and drive industrialization focusing on SMEs.
He was happy to report that since the ERGP was launched by President Muhammadu Buhari early last year, the implementation of its programmes and policies had propelled the economy out of recession and back on to a growth trajectory. As the National Bureau of Statistics report showed that the economy has been making gradual but steady gains as the GDP growth rate had risen to 1.40% by the 3rd Quarter of 2017, just as agriculture had grown by 3.06% and Industry by 8.83% within the same period.
He was also happy to note that confidence has also returned to the economy, as evidenced by the 131.3% growth in the value of Capital importation in the 3rd Quarter of 2017 over the amount recorded in the 2nd Quarter. Also he pointed out that foreign reserves which were on the decline when the Administration took over in 2015 have now risen from $23.81 billion in September 2016 to $40.4 billion – a very substantial rise and a clear indication that the Nigerian economy is on the mend.
He also referred to the stable exchange rate and the narrowing gap between the CBN foreign currency exchange rate and the parallel market rate, as well as the declining inflation rate which has reduced from 18.72% in January 2016 to 15.90% by November 2017. Another positive development has been the fact that Nigeria has moved up 24 places in the most recent World Bank Ease of Doing Business rankings.
Indeed, he was happy to note that Nigeria has been recognized by the World Bank as one of the top ten reforming countries in the world. He emphasized that all these positive developments are the reasons for the great optimism in Nigeria’s economic performance in 2018.
“There is so much potential in the country and it is this potential and the results of our initiatives that make the 2018 outlook so positive. So, we are targeting a GDP growth rate of 3.5% for this year and 7% by 2020; and an inflation rate of 12.54% for 2018 and single digit inflation of 9.9% by 2020.; at least 10 GW of operational electricity capacity by 2020; manufacturing sector average growth of 8.5% this year; agriculture average annual growth rate of 6.9% over the plan period (2017-2020) and self-sufficiency in major food items, including rice”, he explained.
Acknowledging that there are some downside risks particularly in the area of insecurity across the country, the Minister said efforts are being made to mitigate them, pointing out that the ultimate goal is to build a country where we grow what we eat, consume what we make and produce what we use.
He noted also that the problem of Nigeria has never been the availability of good development plans but the challenge has always been that of effective implementation of the plan provisions, which is why emphasis of the ERGP has been on implementation, monitoring and evaluation.
To drive fast results in the implementation of the ERGP, an implementation Unit has been set up in the Ministry of Budget and National Planning to closely monitor the implementation of critical initiatives, periodically evaluate implementation progress against set targets and milestones, provide early warning signals of potential risks and work closely with the MDAs to articulate actionable measures to be taken against any identifiable constraints.
As part of the initiatives to fast-track the achievement of the objectives of the plan, Senator Udoma said the Ministry is organizing focused labs in the critical areas of Agriculture and Transportation, Power and Gas as well as Manufacturing and Processing.
The labs which will commence fully in the next few weeks will bring all the relevant stakeholders (public and private) into weeks of intensive working sessions to brainstorm on practical steps to overcoming identified challenges.
He urged Nigerians to stop putting the country down as lack of self confidence and trust in the country’s capacity to attain great heights can be a limiting factor in the scale of our achievements.
“Nigerians should develop confidence in our ability to take on challenges and the capacity to achieve positive results. This country has great potentials, both material and human, but we need to harness these potentials for the growth of the country and the benefit of our people”, he said.
While conceding that past failures may be responsible for our cynicism, he called on Nigerians to take an objective view of the achievements of this Administration so as to see that they are indeed quite substantial, and, importantly, that they show sincerity and a genuine understanding of the measures that are necessary to solve Nigeria’s economic problems in a sustainable and fundamental way.
Speaking in the same vein, the Senior Pastor of the Kings Court Parish of the RCCG, Pastor Ben Akabueze, said he was very expectant of 2018 as all indicators are that it will be a better year than 2017.
Pastor Akabueze, who is also the Director General of the Budget Office of the Federation, said the Kings Court has been organizing such forums annually because the church has a duty to get the people to understand the marketplace and to approach the market with understanding and wisdom.
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花蓮外送茶：精選安全便捷的外約服務攻略
引言
花蓮外送茶服務因其便利性與多樣化而備受歡迎，不僅滿足社交需求，更以快速、安全為核心，成為許多人的理想選擇。本文將深入剖析花蓮外送茶的特點、流程，以及如何選擇適合的服務，幫助您享受安心的高品質體驗。
什麼是花蓮外送茶服務？
花蓮外送茶服務是一種針對多元需求的伴侶外約服務，常見特點如下：
即時安排：快速回應客戶需求，提供靈活的服務時間。
多元選擇：從高端到平價方案，滿足各種預算層級。
私密性高：確保所有客戶資料絕對保密，安全性有保障。
為什麼選擇花蓮外送茶？
生活壓力舒緩：透過高品質的互動體驗，放鬆身心。
臨時需求應對：解決因臨時變動產生的陪伴需求。
特定場合加分：生日、商務活動等場合的高端陪伴服務。
如何選擇優質的花蓮外送茶服務？
辨別專業合法服務的重要性
查看評價：選擇具有良好口碑的服務商。
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重視隱私保障：選擇承諾保密的合法經營商家。
服務流程簡介
聯繫商家，表達需求並獲得建議。
確定伴侶類型與服務細節。
安排時間地點，享受服務。
提升花蓮外送茶體驗的建議
事先規劃：提前安排服務，避免臨時出現不便。
選擇信譽品牌：確保選擇口碑良好的服務商，避免風險。
溝通需求：明確表達需求與期待，達成雙方共識。
高雄外送茶：精選安全便捷的外約服務攻略
引言
高雄外送茶服務因其便利性與多樣化而備受歡迎，不僅滿足社交需求，更以快速、安全為核心，成為許多人的理想選擇。本文將深入剖析高雄外送茶的特點、流程，以及如何選擇適合的服務，幫助您享受安心的高品質體驗。
什麼是高雄外送茶服務？
高雄外送茶服務是一種針對多元需求的伴侶外約服務，常見特點如下：
即時安排：快速回應客戶需求，提供靈活的服務時間。
多元選擇：從高端到平價方案，滿足各種預算層級。
私密性高：確保所有客戶資料絕對保密，安全性有保障。
為什麼選擇高雄外送茶？
生活壓力舒緩：透過高品質的互動體驗，放鬆身心。
臨時需求應對：解決因臨時變動產生的陪伴需求。
特定場合加分：生日、商務活動等場合的高端陪伴服務。
如何選擇優質的高雄外送茶服務？
辨別專業合法服務的重要性
查看評價：選擇具有良好口碑的服務商。
確認價格透明：事先了解費用，避免臨時加價問題。
重視隱私保障：選擇承諾保密的合法經營商家。
服務流程簡介
聯繫商家，表達需求並獲得建議。
確定伴侶類型與服務細節。
安排時間地點，享受服務。
提升高雄外送茶體驗的建議
事先規劃：提前安排服務，避免臨時出現不便。
選擇信譽品牌：確保選擇口碑良好的服務商，避免風險。
溝通需求：明確表達需求與期待，達成雙方共識。
Solutions for Verifying USDT for Prohibitions and Operation Integrity: Anti-Laundering Solutions
In the up-to-date environment of cryptocurrencies, where rapid transactions and obscurity are becoming the standard practice, monitoring the validity and cleanliness of activities is crucial. In recognition of amplified official investigation over financial misconduct and terrorism funding, the need for effective tools to verify deals has become a major priority for cryptocurrency users. In this piece, we will analyze accessible tools for checking USDT for prohibitions and deal cleanliness.
What is AML?
Anti-Laundering actions refer to a set of regulatory protocols aimed at preventing and uncovering money laundering activities. With the surge of crypto usage, AML standards have become particularly important, allowing individuals to deal with digital assets with assurance while reducing threats associated with prohibitions.
USDT, as the preeminent favored stablecoin, is broadly used in different deals worldwide. Yet, using USDT can involve several threats, especially if your funds may associate to opaque or criminal maneuvers. To reduce these hazards, it’s essential to take advantage of tools that check USDT for prohibitions.
Available Services
1. Address Validation: Using dedicated tools, you can check a certain USDT address for any links to sanction catalogs. This helps detect potential ties to illicit behaviors.
2. Transaction Conduct Assessment: Some offerings provide scrutiny of deal chronology, essential for judging the transparency of monetary flows and spotting potentially hazardous conduct.
3. Monitoring Solutions: Expert monitoring systems allow you to observe all operations related to your address, permitting you to rapidly identify dubious actions.
4. Risk Reports: Certain platforms offer detailed threat summaries, which can be crucial for investors looking to ensure the integrity of their investments.
Whether of if you are overseeing a considerable resource or performing small deals, adhering to AML guidelines helps prevent legal repercussions. Utilizing USDT validation tools not only protects you from financial losses but also supports to establishing a protected environment for all industry stakeholders.
Conclusion
Assessing USDT for embargoes and operation cleanliness is becoming a mandatory process for anyone keen to continue within the rules and support high levels of transparency in the crypto field. By engaging with credible solutions, you not only defend your investments but also contribute to the shared initiative in countering illicit finance and terrorism funding.
If you are prepared to start leveraging these offerings, explore the available tools and pick the service that most adequately aligns with your demands. Keep in mind, information is your strength, and quick deal assessment can shield you from many problems in the coming times.
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