Despite current hardship, better days lie ahead, Obasanjo tells Nigerians

Date: 2017-11-06

A former Nigerian president, Olusegun Obasanjo, on Sunday said that despite the difficult economic situation Nigerians are facing, they should keep hope alive as the challenges will soon fade away.

Mr. Obasanjo made this remark while speaking at the 52nd Annual Service of Songs of the 1st ECWA Church, Ilorin, Kwara State.

The former president explained that no matter the difficulties and challenges the country is going through now, the nation will come out stronger.

Making reference to the harsh economic realities Nigerians are facing due to the ripple effects of the economic recession the nation just exited, the former president expressed optimism that there is light at the end of the tunnel.

In 2016, Nigeria slipped into recession after five consecutive quarters of contractions since the first quarter of the year.

But in September 2017, the National Bureau of Statistics, NBS, said the Nigerian economy had exited recession.

The NBS said that growth recorded through Nigeria's Gross Domestic Product indicated the exit of the nation's economy from recession. Last week, Nigeria also recorded favourable ranking in the World Bank's list of 'Ease of Doing Business'.

The development, the Nigerian government said, was a reflection of the efforts put in place to fix the economy.

In his reaction to the announcement, Vice President Yemi Osinbajo hailed the efforts of all stakeholders in the Nigerian economy, describing the development as the right step in the right direction.

However, many Nigerians still lament that the effects of the favourable economic developments are not being felt yet.

But Mr. Obasanjo, in his speech on Sunday, told the church congregants that although many graduates are unemployed and business owners are not finding it easy in their businesses yet, the country was on her path to greatness and sustainable growth.

Speaking to the congregants in Yoruba, he urged Nigerians to keep hope alive and anticipate better days ahead as the current hardship confronting Nigerians will not last.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Mansur Alfanla     IFK     Local Government Pension Board     Jumoke Gafar     Iqra Books     Olaosebikan     Post Utme     NaAllah     Ishola Abdullahi     Sobi Hill     Budo Egba     Sheikh Ridhwanullah     Valsolar Consortium     Hamid Bobboyi     Isaac Aderemi Kolawole     VADA     Afolabi-Oshatimehin Adenike Harriet     Ahmed Bayero     Government High School (GHS), Adeta     Kulende-UITH     Kayode Yusuf     Okanlawon Musa     Prince Mahe Abdulkadir     Mutawalle     Firdaos Amasa     IHS     Saka Balikis Kehinde     Iliasu     Rashidi Yekini     Abdullahi Atanda     Garuba Alikinla Shittu     Hamidu Olowo     Otunba Taiwo Joseph     Salman Suleiman     Titus Ashaolu     Ashiru     Radio SBS     Nupe     Offa Descendants Union     Saadatu Modibbo-Kawu     Bilikisu Gambari     Babata     Ayotunde Emmanuel Alao     Federal Polytechnic Offa     Saadu Alanamu     Kayode Zubair     Muhammad Ghali Alaaya     Yomi Ogunsola     Garba Idris Ajia     Igbomina     Bisi Oyeleke     ANCOPPS     Ahmed Mohammed Rifun     Garba Ado Sanni     Bola Magaji     Gbenga Awoyale     Mohammed Ajia Ibrahim     Ishaq Abdulkarim     Jeunkunu-Malete-Bani     Abdullahi G. Mohammad     Saba Mamman Daniel     Igbaja     Omu Aran     Salihu Ajia     Aso Ofi     Durbar     Kabir Shagaya     Abdulrahman Abdulrazak     George Innih     Edu     Sarakite     Iyabo Dupe Adekeye     Mohammed Khadijat Kubura     National Pilot     Abdulkarim Adisa     Umar Bayo Abdulwahab     Henry Makinwa    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Dorcas Afeniforo     Amuda Aluko     Saliu Alamoyo     Yaru     Col. Adedipe     Stephen Fasakin     Prince Sunday Fagbemi     Yusuf Amuda Abubakar     AGILE Programme     Mansurat Amuda-Kannike     Abubakar Abdullahi Bata     Ojuekun Sarumi     Government Girls’ Day Secondary School Pakata     Tanke     Abdulmumini AbdulRazaq     Offa Metropolitan Club     Government House     Owo Isowo     Oni Adebayo     ASKOMP     Abdulsalam Firdaous Amosa     Hakeem Idris     Ambassador Kayode Laro     Seun Bolaji     Maimunat Oloriegbe     Mogaji Aare     Woro     Offa Grammer School     Kwara State Health Insurance Agency     Egbejila     Yoonus Lawal     Mohammed Jimoh Faworaja     Mohammed Lawal     Isin     April 11     Principal Private Secretary     Lasiele Alabi Yahaya     Sarah Alade     Hamza Usman     SSA Youth     Bashir Adigun     MMWG     Wahab Isa     Yusuf Babatunde Abdulwahab     Yusuf A. Usman     Abubakar Usman Jos     Modibbo Kawu     Rapheal Ashaolu     Justina Oha     Femi Gbajabiamila     Saka Abimbola Isau     John Mayokun Dada     Temi Kolawole     Garuba Alikinla Shittu     NITDA     Magaji Erubu     Oke-Ogun     Ileloke     Yahaya Seriki     KSIRS     LAK Jimoh     Dasuki Belgore     Mahmud Ajeigbe     Elese Of Igbaja     Salau Kabiru Abdullahi     Abdulfatai Baakini     Moshood Kashimawo Abiola     Saliu Mustapha     Aminu Adisa Logun     Abdulkadir Bolakale Sakariyah     National Broadcasting Commission     Rihanat Ajia     Elerin Of Erin-Ile     Diagnostic Centre     Sulyman Buhari     Saadatu Modibbo-Kawu     Muslim Media Watch Group Of Nigeria