Nigeria The third fastest growing economy in the world?

                                      

Minister of Information, Mr Labaran Maku yesterday briefed the Federal Executive Council that Nigeria’s economy has recorded an unprecedented growth last year as it has been named the third fastest growing economy in the word behind Mongolia and China. Minister of State for Finance, Dr. Yerima Ngama, said the growth in the economy was a clear indication that “there is a lot of confidence in the Nigerian economy.”

In his words "In the case of Nigeria, our report was actually the best. For the year, for the quarter which ended on 31st December, 2011, only about 46 countries have actually submitted their data and Nigeria was
 third in terms of GDP growth. We recorded a GDP growth of 7.68 per cent in real terms and this is largely due to growth in the non-oil sector"

“The previous year, 2010, the GDP growth was 8.4 per cent but last year, it dropped to 7.68 per cent because we had a negative growth in the oil sector. So, it means that the non-oil sector is actually resilient and strong enough to carry the economy forward with or without the oil sector.
“This actually placed us as the third fastest growing economy in the world, the first being Mongolia with 14. 9 per cent real growth rate, then China with 8.4 per cent real GDP growth rate followed by Nigeria with 7.68 per cent.
“But the more important story out of it is that as a nation, we have our Vision 202020, we have the objective of having one of the world strongest economies by year 2020.

Explaining how this growth has impacted on the lives of the ordinary Nigerian people, the minister said the “standard of living has improved in Nigeria as a result of this growth. As at December, 2011, our income per capita grew from $1200 to $1400 and this actually moved us from low income countries to middle lower income countries per World Bank classification.”

This simply means that all these men are out of tough with reality on ground, what has improved in the standard of living of Nigerians? Do they really know how much we now pay to fuel our generators? do they know how often we get robbed both on the streets and in our homes? As we speak there are lots of people dying just because they can not afford health care, do they know that lots of graduates are jobless and unemployable because they have stayed at home for too long without employment? Do they know how many girls are forced into prostitution because there are no jobs they can do to take care of themselves?

What really do these guys (politicians/ministers) discuss at the FEC meeting? Is this how they keep lying to themselves about the reality of the bad situation we Nigerians find ourselves in? I want to remind all of these people that one day monkey go go market e no go return ooooo.