ABUJA FEBRUARY 14, 2017 – The 8 fold over- subscription of recent Eurobond [orders in excess of US$7.8 billion compared to a pre- insurance target of US$1bn] is a strong indication that international investment community are confident in Nigeria economic reform agenda, the federal government has said.
The federal government position was contained in a bulletin of the Aso Villa, “Government at Work,” released, in Abuja, Tuesday.
According to the report, the nation’s economy is already on its road to recovery as showed in the marginal non-oil sector growth rate of 0.03 percent in 2016 Q3 (after two quarters of consecutive negative growth
The federal government attributed the marginal growth to the continued good performance in agriculture and solid minerals, the two sectors that have received greater attention from the Buhari administration
It further explained that agriculture grew by 4.54% in the quarter under consideration, with growth in crop production recording nearly 5 per cent, its highest since the first quarter of 2014.
Growth in the solid mineral sector was said to have averaged about 7%.
