The Minister of Finance, Budget, and National Planning, Zainab Ahmed has stated that the Buhari-led administration has performed better in terms of the economy of the nation compared to how they met it in 2015.
Speaking in Abuja on Wednesday, July 27, the minister said, “First of all, let me address a question on the issue of the economy, as to whether the administration has done well. The administration has done very well.
I need to remind us all here that in 2015, the administration came on and met a cr#sis in the oil and gas sector; we had the first slump in crude oil prices and a very significant slump in crude oil production.
Secondly, we had a second recession due to COVID-19. That was even a shorter recession and we have seen now up to five quarters of positive growth. So, the economy has been growing, despite very, very difficult circumstances.
The other thing I need to remind us is that this administration has been able to realize the lowest oil and gas revenue, compared to all previous administrations, but it has also been able to do much more in terms of deployment of infrastructure. So, the administration has done well.”
