APC excited by Nigeria’s status as Africa’s largest economy

Posted on Mar 05, 2020

The All Progressives Congress (APC) yesterday expressed excitement that Nigeria became Africa’s biggest economy.

The ruling party noted that the achievement was not a fluke but a product of deliberate practices and policies of President Muhammadu Buhari’s administration.

Nigeria became the African continent’s biggest economy after overtaking South Africa, which has entered the second recession in two years.

In a statement in Abuja by its National Publicity Secretary, Mallam Lanre Issa-Onilu, APC said the new continental economic status was a rewarding and fitting economic scorecard of President Buhari’s administration.

It noted that “since the Nigerian economy exited recession in 2017, the country’s economic growth has not been a fluke but a result of deliberate practices and policies of the President Buhari administration, which has increased transparency in governance, diversification of the economy away from oil, improved fiscal management, and a healthy protectionist approach, which has aided the growth and increased the capacity of domestic producers and in turn created jobs”.