{"id":1779,"date":"2017-11-06T04:28:42","date_gmt":"2017-11-06T04:28:42","guid":{"rendered":"http:\/\/nigerianews.ca\/?p=1779"},"modified":"2017-11-06T04:28:52","modified_gmt":"2017-11-06T04:28:52","slug":"lai-mohammed-buharis-economic-policies-on-winning-path","status":"publish","type":"post","link":"https:\/\/nigerianews.ca\/lai-mohammed-buharis-economic-policies-on-winning-path\/","title":{"rendered":"Lai Mohammed: “Buhari\u2019s economic policies on winning path”"},"content":{"rendered":"
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Lai Mohammed PHOTO: NAN<\/p>\n<\/div>\n

\u2022 APC, PDP differ on World Bank\u2019s rating of Nigeria
\n\u2022 \u20182018 budget may not meet Jan-Dec implementation target \u2019
\n\u2022 Presidency\u00a0insists\u00a0fiscal plan\u00a0has\u00a0been\u00a0ready\u00a0before mid-Oct<\/p>\n

Minister of Information and Culture, Alhaji Lai Mohammed, has said the economic policies of President Muhammadu Buhari-led administration are already yielding winning results.<\/p>\n

The minister, in a chat with journalists in Lagos at the weekend, hinged his statement on the recent World Bank\u2019s ranking, which stated that Nigeria\u2019s economy had moved up 24 places to 145 in its Doing Business\u2019 ratings.<\/p>\n

The World Bank\u2019s report, which the Presidential Enabling Business Environment Council (PEBEC) released over the weekend, also recognised Nigeria as one of the top 10 most improved economies in the world for the first time.<\/p>\n

PDP differ on World Bank\u2019s rating of Nigeria<\/strong><\/em><\/p>\n

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However, the People\u2019s Democratic Party (PDP) has said the development was nothing to boast about, as the ruling All Progressives Congress (APC)-led administration could not continue to approbate and reprobate at the same time.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Mohammed said the well-thought-out policies of the Buhari\u2019s government, encapsulated in its Economic Recovery and Growth Plan (ERGP), launched on April 5, 2017, are working and the results are beginning to show.<\/p>\n

The minister, who also gave assurance of a better result in the months ahead, stressed that as part of the administration\u2019s efforts to improve Nigeria\u2019s tax to GDP ratio, which currently sits at a paltry six per cent \u2013 one of the lowest in the world, \u201cthe administration has launched the Nigerian Voluntary Asset and Income Declaration Scheme (VAIDS) aimed at providing a time-bound opportunity for tax-payers to regularise their tax status relating to previous tax periods and pay any tax due.<\/p>\n

The PEBEC Secretary, Dr. Jumoke Oduwole, said there had been significant progress in the task of improving Nigeria\u2019s business environment in the past 12 months, which include improvement in Nigeria\u2019s standing in the World Bank ease of going business ranking.<\/p>\n

Meanwhile, the spokesman of the PDP, Dayo Adeyeye, in his reaction to the ranking, said: \u201cWhen we were in government and Nigeria was declared as the largest economy, it was the same APC people that raised issue by condemning us. The downturn of the nation\u2019s economy in the last two and a half years was caused by the wrong policies of the same party. If it is now claiming that the ranking has improved, what is in that to boast of?<\/p>\n

Meanwhile, as President Muhammadu Buhari prepares to present the 2018 budget to a joint session of the National Assembly tomorrow, indications have emerged that again for the second time running, the Federal Government may be failing in its promise to reset the yearly fiscal plans to the traditional January to December budget cycle.<\/p>\n

The lawmakers are already expressing doubt that the passage of the estimates before December 31 this year is possible.<\/p>\n

Some members of the legislature, who spoke with The Guardian at the weekend, said nobody is going to stampede them into rushing the passage, with some wondering how they would pass the 2018 spending plan when the executive have not implemented up to 20 per cent of this year\u2019s budget.<\/p>\n

But a source at the Presidency, who spoke on the condition of anonymity, said: \u201cThe 2018 budget has been concluded even before mid-October this year.\u201d<\/p>\n

GUARDIAN<\/p>\n<\/article>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Lai Mohammed PHOTO: NAN \u2022 APC, PDP differ on World Bank\u2019s rating of Nigeria \u2022 \u20182018 budget may not meet Jan-Dec implementation target \u2019 \u2022 Presidency\u00a0insists\u00a0fiscal plan\u00a0has\u00a0been\u00a0ready\u00a0before mid-Oct Minister of Information and Culture, Alhaji Lai Mohammed, has said the economic policies of President Muhammadu Buhari-led administration are already yielding winning results. The minister, in a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[48],"tags":[],"yoast_head":"\nLai Mohammed: "Buhari\u2019s economic policies on winning path"<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nigerianews.ca\/lai-mohammed-buharis-economic-policies-on-winning-path\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lai Mohammed: "Buhari\u2019s economic policies on winning path"\" \/>\n<meta property=\"og:description\" content=\"Lai Mohammed PHOTO: NAN \u2022 APC, PDP differ on World Bank\u2019s rating of Nigeria \u2022 \u20182018 budget may not meet Jan-Dec implementation target \u2019 \u2022 Presidency\u00a0insists\u00a0fiscal plan\u00a0has\u00a0been\u00a0ready\u00a0before mid-Oct Minister of Information and Culture, Alhaji Lai Mohammed, has said the economic policies of President Muhammadu Buhari-led administration are already yielding winning results. 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