Nigeria Records Positive Trade Balance in Q1 2017

According to the National Bureau of Statistics (NBS), Nigeria’s total trade in the first quarter of 2017 stood at 5.30 trillion Naira with a trade balance of 719.38 billion Naira.

The nation’s exports in the period under review stood at 3.01 trillion Naira compared to imports of 2.29 trillion Naira.

The NBS stated that imports fell by 0.9 per cent, adding that the country recorded an increase of 6.5 per cent in external trade
According to the NBS, the value of the total trade at the end of 2016 was 17. 35 billion Naira, stressing that the figure was 6.5 per cent higher than the value recorded in 2015.
The report, however, stated that Nigeria’s external trade in the fourth quarter of 2016 was valued at 5.28 billion Naira.

“The export component stood at 2.98 billion Naira while the import component stood at 2.31 billion Naira leading to a trade surplus of 671 billion Naira.
“Trade by sector showed that crude oil exports had the largest share of the total trade, accounting for 2.43 billion Naira or 45.9 per cent trade in fourth quarter.
“The second major contributor to total trade by sector was manufactured goods with 1.17 billion Naira or 22.1 per cent of total trade.’’

Nigerians, Faith & Foreign Birthright Citizenship

Every man lives by faith;

Romans, Saints, more so, Nigerians!

The Earth records our footprint,

Erudite emissaries discern our voice,

Our Father beholds our hearts.

Still we are loved, entrusted with gifts.

Yet we are lost and perish alive;

We perish while smiling, scheming and sensible.

 

Faith

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Buhari only made three promises during his campaign – Femi Adesina

Femi Adesina, the Special Adviser to the President on Media and Publicity, has scored his principal, Muhammadu Buhari high in his second year in office.

Adesina claimed that Buhari has been able to fulfill his campaign promises with the last two years in power.

Speaking with Sun, the ace journalist said Buhari only made three promises and had since fulfilled them.

According to him, “If you are going to assess a government –or do any king of assessment at all –you often need to benchmark it against promises made. So, it is a good time to ask ourselves: what were the promises made? And how far have those promises being fulfilled? We cannot come with a definitive assessment of the government yet, because it is a four-year mandate.

“So, we can’t come with an assessment that is final. No! So, we ask ourselves: what are the promises the APC and President Muhammadu Buhari made before they came into power? Of course, they were three. The campaign was on three major planks: secure the country, fight corruption and restore the economy.

“And two years down the line, I can confidently say that those promises are being fulfilled. The level of fulfillment will differ from one area to the other, but, definitely, they are promises being fulfilled. In the area of security, we know that one major aspect of security in this country is the war against insurgency.

“There are others like the Fulani herdsmen issue, kidnappings, armed robbery, and all that. We knew where the Boko Haram insurgency was when this administration came in 2015. Boko Haram was running riot round the country. The insurgency started in 2009 from the north-east; it crept into the north-west, north-central, Abuja and Kogi. From Kogi, it could have gone to south-west; and, from south-west, it could have gone to south-south. So, what else should be left of the country? That was the position as at 2015 May.”

Source: Ameh Comrade Godwin (Daily Post)