The Former Chairman of the Inter Party Advisor Council, IPAC, Chief Peter Ameh has described the recent statistics released by the Nigeria Bureau of Statistic, NBS, as a mirage.
A statement signed by him in Abuja frowns at the statistics which says the country’s GDP grew by 3.46% in the third quarter of 2024.
The statement explains that this may seem like a positive development, but the reality on the ground tells a different story.
“The widespread hunger, starvation, unemployment, inflation, and crumbling infrastructure paint a picture of a nation in distress” Chief states.
According to the statement, it alarming to see the stark contrast between the reported GDP growth and the harsh economic realities faced by Nigerians.
“The frequency of national grid collapses and potholes on the roads has increased by 100%, while the value of the naira continues to depreciate. These statistics are a far cry from the rosy picture painted by the NBS”
“The government’s reliance on statistical manipulation to create a false narrative of economic growth is misleading and deceptive” he adds.
The statement emphasizes that the root cause of Nigeria’s economic woes lies in its defective political system, which allows incompetent and dishonest persons to manipulate the electoral system and gain power.
“This has led to a culture of corruption, cronyism, and mismanagement, which has stifled economic growth and development”
“We must stand together as a people to address these challenges, Nigeria needs to embark on comprehensive economic reforms that prioritize transparency, accountability, cost cutting measures and good governance” Chief Ameh stresses
“The government must also invest in critical infrastructure, such as roads, electricity, and healthcare, to create an enabling environment for economic growth. No Country prospers without the power”
“Nigeria’s economic paradox is a stark reminder of the need for urgent reforms and the election of incompetent leaders into public office to address the country’s deep-seated economic challenges”
“The government must move beyond statistical manipulation and focus on creating a conducive environment for economic growth and development. Only then can Nigeria’s economic growth be truly inclusive and beneficial to all its citizen” He states
