Atiku and numbers again!
Oversabi na bad leadership trait. There is no need to pretend that a president knows everything. Analysing economic data without an understanding of how it is done exposes Atiku's ignorance.
Stop trying to prove the competency that is not there.
Thread
Oversabi na bad leadership trait. There is no need to pretend that a president knows everything. Analysing economic data without an understanding of how it is done exposes Atiku's ignorance.
Stop trying to prove the competency that is not there.
Thread
Turakin Adamawa, the period covered was Jul, Aug, & Sept 2018. The data means that the economy grows 1.8% during the 3 month period compared to Q2, the previous 3 months.
Comparing the 2017 annual pop growth rate to a 2018 Q3 econ growth rate is like comparing 3 months to 12m
Comparing the 2017 annual pop growth rate to a 2018 Q3 econ growth rate is like comparing 3 months to 12m
Wait! There is more. If you want to compare two different years then it must be for the same quarters.
Is this how #TheAtikuplan fumbled the projections in its plan?
Below are some of the important information that you missed from the data.
Is this how #TheAtikuplan fumbled the projections in its plan?
Below are some of the important information that you missed from the data.
Q3 2018 GDP grows 1.81% from 1.50% in Q2 2018
and 1.17% in Q3 2017.
The news here is that the trajectory of the economy is on the upswing. In a nutshell, it is not getting worst.
Based on the information presented, it is clear that growth is not declining. Q to q or yr to yr
and 1.17% in Q3 2017.
The news here is that the trajectory of the economy is on the upswing. In a nutshell, it is not getting worst.
Based on the information presented, it is clear that growth is not declining. Q to q or yr to yr
It went from 1.5% in Q2 to 1.81% in Q3 of 2018
Looking at Q3 of 2017 and Q3 2018 also shows that the yr on yr growth increases from 1.17 to 1.81 respectively. That's a good thing. You can debate how high the growth should have been but can't paint this as negative news.
Looking at Q3 of 2017 and Q3 2018 also shows that the yr on yr growth increases from 1.17 to 1.81 respectively. That's a good thing. You can debate how high the growth should have been but can't paint this as negative news.
What is causing the GDP growth to be slow?
It is the Oil GDP which is really a function of the international oil market. Govt can't help it. We sell at the world price.
Q3 2018 Oil GDP contracts -2.91%(-3.95% in Q2 2018; 23.93% in Q3 2017).
It is the Oil GDP which is really a function of the international oil market. Govt can't help it. We sell at the world price.
Q3 2018 Oil GDP contracts -2.91%(-3.95% in Q2 2018; 23.93% in Q3 2017).
The good news is that non-oil GDP grows at a faster pace and it helps pull the economy up. Non-oil GDP happens to be where we really need to keep growing if we must diversify the economy.
Compare to last year, and last quarter, the sector is doing well.
Compare to last year, and last quarter, the sector is doing well.
