Make the economy one of the fastest growing emerging economies in the world with a real GDP growth averaging at least 10-12% annually

Progress

Broken
  • When made: 2015
  • Where made: My Covenant with Nigerians

In 2015 the Nigerian economy grew 2.79%, before shrinking to -1.58% in 2016 according to the national statistics office. Nigeria’s real GDP annual growth rate was 0.83% in 2017 and 1.93% in 2018.

The highest quarterly real growth rate record since the second quarter of 2015, when Buhari took power, was 2.84%. That was in the third quarter of that year.

The growth rate dropped to 2.11% in the fourth quarter of 2015, before becoming negative in the first quarter of 2016.

No further growth was recorded until the second quarter of 2017 when the economy exited recession by expanding 0.55%. The real GDP growth rate in the last two quarters of 2017 was 1.4% and 1.92%.

The real GDP growth in the fourth quarter of 2018 was 2.38%, the highest since Nigeria’s economy emerged from recession. Africa Check, February 2019

Source: My Covenant with Nigerians