Nigeria’s GDP Growth Should Not Be On Paper – Jibrin

The Deputy Senate President, Barau Jibrin, has called for efforts to ensure that economic growth, as shown in the Gross Domestic Product (GDP) report, reflects the realities of Nigerians.

The Kano North Senator, Jibrin, said the government must do everything possible to ensure that sound economic projections are made and implemented.

Jibrin stated this during plenary on Tuesday while contributing to the report by the joint committees on Finance, National Planning, and Economic Affairs regarding the 2024-2026 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP),

The All Progressives Congress (APC) lawmaker emphasized the importance of collective efforts to achieve revenue projections.

“We must do everything possible to ensure these sound and encouraging projections are pursued and implemented.

“The GDP growth rate is projected to reach 44.4% by 2055 and 5.5% by 2026, driven by investments in infrastructure, agriculture, and telecommunications.

“This is a welcome development. But as I said earlier, we should do everything possible to make sure that these projections are not just something that is just written,” Jibrin said.

However, he expressed optimism that the federal government would realize the projections in the 2025-2027 MTEF/FSP document and commended the government’s political will to bring about sound economic development.

“But I’m optimistic about the posture of the government. I’m sure this projection will be realized because the government is serious about it.

“The government is doing so to ensure the economy is shaped for the better. So I’m very, very much optimistic.

“And even the fact that these projections have been made shows the zeal is there. The political will is there to bring about a sound economic development occasioned by growth in our GDP and so on and so forth,” Jibrin added.