President Muhammadu Buhari ensured his administration’s commitment to leverage information and communication technology (ICT) platforms to create jobs, while ensuring that economic diversification creates more support for others emerging sectors this year.
He made this commitment in a New Year’s address to Nigerians, urging them to have hope and to envision a year of continued progress in the face of challenges arising from security and socio-economic concerns.
However, he revealed that several foreign investors were taking advantage of the country’s ranking among the main start-up ecosystems in Africa to invest in its digital economy.
He said: “The main victories we have recorded are clearly visible in the most recent Nigeria gross domestic product (GDP) figures released by the National Bureau of Statistics (NBS). The 4.03% growth recorded in the third quarter of 2021 is indicative of the recovery recorded in our economy and the confidence that is expressed through the policies that our administration put in place after the outbreak of the pandemic.
“We can also remember that this recent growth is closely followed by the 5.1% (year-on-year) growth in real terms recorded by Nigeria in the second quarter of 2021. This growth was one of the best recorded by all countries in sub-Saharan Africa. Africa. The 5.1% growth at that time was and remains the highest growth recorded by the Nigerian economy since 2014, ”he said.
Buhari said that despite the challenges the nation faced in 2021, the good news is that it has so far recorded four consecutive quarters of growth after the negative growth rates recorded in the second and third quarters of 2020 due to the effect of the COVID-19 pandemic. .