NewStats: 3,262,365 , 8,176,940 topics. Date: Monday, 02 June 2025 at 01:19 AM 2e283b

President of the Senate, Ahmed Lawan, on Thursday reacted to the National Bureau of Statistics’ second quarter 2020 Gross Domestic Product estimates which was published on Monday, saying Nigeria is not doing badly.

The NBS had disclosed that the nation’s GDP declined by –6.10% (year-on-year) in real in the second quarter of 2020, ending the three-year trend of low but consistently improving positive real growth rates recorded since the 2016/17 recession.

Consequently, for the first half of 2020, real GDP declined by –2.18% year-on-year, compared with 2.11% recorded in the first half of 2019.


Key players in the nation’s economy, including the Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry had said the government might not be able to service rising debts and fund budgets as the economy shrunk by 6.1 per cent.

But speaking with State House correspondents at the end of the virtual National Council of State meeting, Lawal said Nigeria was not doing badly.

He however said that did not mean that the government should be complacent.


While itting that the nation still has a long way to go, the President of the Senate, said the government should continue to work on the post-COVID-19 economy.

He said, “We still have a long way to go, we are not where we would have loved to be, but when you are faced with COVID-19, you know that this is a global pandemic and no country has been spared and when you compare your performance in the area of economy with other giants, more robust economies like the USA and , you’ll be happy that you have experienced only -6.10% downturn in your economy when others have 19, others have even more, those are economies that are stronger, that have put in more resources to address the COVID-19 challenges.


“We have tried to put in what we can, but I think the secret here is we have been able to sustain what we are doing even with lesser resources, but I think -6.10%, as reported by the NBS, that’s the downwards turn in our GDP.

“Ordinarily we shouldn’t be happy with it, but in the current circumstance where every country is experiencing this kind of thing, South Africa, the second largest economy in Africa, is experiencing worse.


“We are not doing badly, but that is not to say we should be complacent, I think we should continue to work on the post-COVID-19 economy that we are looking at.

“We should continue to invest to ensure that we protect the employment of our people so that our people don’t fall into joblessness. We should provide palliatives as much as we can for those who are so disadvantaged and require the of the federal government.


“The sub nationals, the states should also should continue to the Federal Government in its efforts to keep everybody afloat and I believe that though our resources are scarce, but I think we are facing the right direction and for us in the National Assembly, we’ll continue to approve good policies of government, especially when it comes to areas that will touch the lives of the most ordinary man to help survive this situation and even to help him do better after the COVID-19.”

https://punchng.com/nbs-report-lawan-says-nigeria-not-doing-badly/

i dedicate dis FTC to all nigerian wey eyes don open say COVID 19 na scam and a lucrative job for the ncdc officials to becum overnight millionaires ...wen his still earning million of naira as a senator how will he not say d country z nt doing badly.

What do you expect from a Rubber Stamp FULANI Quota system poorly educated lawmaker

Shameless senators

We keep celebrating mediocrity....that why we are comfortably poor.

What happened here, no body commenting zoogeria nation

Politicians will destroy this country, if they have not done so already.

WHAT A TRAGEDY!!!

It is not a curse, till thy Kingdom come, Nigeria will never be better.
Buhari and his goons have succeeded in completely destroying this great country beyond repair. No man born of a woman will be able to fix this damage.

Evil

Is very painful to see leaders saying rubbish in public

When senators are still collecting armed robber salary

.

He should go to street to see see how Nigerians are faring

Do we blame him? NO!

Since is his earning in millions of naira, sitting down on billions... He doesn't know what an average Nigerian is going through, how much we now spend buying food stuffs and all.

Yes if we look at it from the same angle with A.L

It's true because almost all our sources of income had been blocked due to covid19 pandemic.

And it's just @6% declination.

Yeye people

Nigeria's GDP growth does not match its population growth.

We are in for a long drive.

on paper, "yes we re not doing bad" but in reality does it reflect on the common man? i guess you know the answer.....so who should be in a place to judge if we re doing bad or not? "the comon man whose income cant purchase inflated commodities or the man at the top who doesnt even know the price of tomatoes in the market?"

Some people aren’t loyal to you, they are loyal to their need of you. Once their needs change, so does their loyalty.

Ok

Chai, Their punishment is sub in heaven

Wicked souls

Hell on earth with tick hardship in the country. May God heal this land

ahhhh Mr senate president, please tell your jokes to the nothern zombies as usual, me and my friends here are not buying it. You better fear God. you know that's a bullshit from you, you know how much one cup of rice is ?

That's what a typical aboki quota system miscreant of a president sineater would spew out.

Nigeria is not doing badly? How many Nigerians will the Armed forced kill before you know that Nigeria is doing badly?

Look closely, from Boko Haram to bandits in the north, to IPOB and to Niger Delta militants who are the defenseless and unarmed citizens being killed - they are those who want a restructured Nigeria so that they practice their religious faith as they like without constitutional hinderances, and those tired of being suppressed by Nigeria’s political system and structure, and now ask for a different country from Nigeria.

You may have to kill most of Nigerian people to continue to have Nigeria governed as it is governed and politically structured now.

jerecrown:
Is very painful to see leaders saying rubbish in public

omo you are right

especially when you have not measures to do something

When we told them Saraki is the man fit enough to tackle this terrorist of a Government, they said we backing a thief.

Now, who's the thief? Saraki or Lawan?
.
Nigerians are too easy to manipulate jere.

We are moving forward. i hope we win this war against insurgency that pdp leave our narion in.
in infrastructures and development, Buhari is doing well.
we will get there.

xarxes:
What do you expect from a Rubber Stamp FULANI Quota system poorly educated lawmaker

shut up, enemy of Nigeria

biafrasun:
What happened here, no body commenting zoogeria nation

na only animal dey talk say dem dey live in zoo. so i am not surprised by this post. coming from this moniker .
una leader don tell us una name. and d name fir una

P1PrinceKT:
Yes if we look at it from the same angle with A.L

It's true because almost all our sources of income had been blocked due to covid19 pandemic.

And it's just @6% declination.

true. i second dis

SouthNigerian:
When we told them Saraki is the man fit enough to tackle this terrorist of a Government, they said we backing a thief.

Now, who's the thief? Saraki or Lawan?
.
Nigerians are too easy to manipulate jere.

shut up, you are still ing thieves after they fail woefully. shamelessness