GDP: We’re Doing Well, Okonjo-Iweala Replies Critics

[Shola Sholaz]

Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo Iweala, yesterday, replied critics of Federal Government's economic growth claims, saying that the nation needed Gross Domestic Product, GDP, growth for the economy to impact positively on the people.
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Lagos lawyer, Femi Falana, had, last week in Abuja, told the House of Representatives that the impact of the economic growth claimed by Federal Government was not being felt by Nigerians.
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Speaking at the Ministerial Platform in Abuja, Dr. Okonjo-Iweala explained that Nigeria's economy was strong, stable and growing at 6.75 % GDP, which had been recognised by international rating agencies such as Fitch and Standard and Poor that upgraded Nigeria's rating at a time many developed economies were being downgraded.