PDP’s ideology has enhanced business growth in Nigeria – Metuh

The Peoples Democratic Party, PDP, said it has in the last 15 years provided the enabling environment that empowered Nigerian entrepreneurs across board to flourish in business and economy.

The PDP National Publicity Secretary, Olisa Metuh, in a statement on Sunday said meticulous application by successive PDP administrations, of policies as enshrined in the party’s ideology and manifesto has created and sustained an investment friendly environment and empowered Nigerian businesses to thrive in all spectrums of the economy.

“The growth of the private sector under the PDP has been phenomenal. This did not happen by chance. Our governments at all levels have been guided by our economic policy, which directs the creation of a dynamic economy in which market forces are combined with the forces of partnership, solidarity and cooperation for the benefit of the people.

“The hallmark of the PDP administration remains the policy of transfer of wealth from the public sector to hardworking and enterprising Nigerians. This has not only revived and empowered the private sector but also expanded the nation’s economic frontiers with an unprecedented growth in small and medium scale enterprises, which has helped in providing employment for our citizens across the country.

“The fact remains that under the PDP, Nigerian entrepreneurs have fared better more than ever before. Under our government, more private businesses have sprung up. More banks have been opened and performing well; the telecommunication, oil and gas and manufacturing sectors have witnessed exceptional expansion; more transport companies, hotels, farms, schools and hospitals are springing up; more reputable international retail businesses and food processing concerns have opened in our country.

“Under the PDP, our hitherto weak and unreliable banking sector has been repositioned and strengthened. Today, our nation boasts of a strong and stable banking system which has restored investor confidence and provided support for growth in other sectors of the economy. Nigerian banks are now growing stronger with many of them having hundreds of branches and business offices locally and internationally.

“Also following the conducive business environment created by successive PDP administrations, the telecommunication sector has witnessed tremendous expansion in the last 15 years with firms such as Globacom, Etisalat, MTN, Airtel among others opening new lines and empowering millions of our people through direct and indirect employment and access to global business connections.

“In the same vein, we have witnessed a revolution in the retail sector with reputable international concerns establishing in Nigeria and recording impressive performance following the nation’s encouraging demographics and stronger purchasing power of our citizens.

“International retail giants such as Shoprite, Internationale Spar Centrale BV among others are expanding the retail frontiers. The rebirth of shopping malls in all major cities of the country attests to the empowerment of Nigerian entrepreneurs in this sub-sector.

“In the manufacturing sector, the PDP has not only revived but also revolutionized the nation’s automobile industry. Today, through the New Automobile Industry Policy initiated by President Goodluck Jonathan, vehicles are now being manufactured in our country.

“Automobiles manufactured by Innoson Group, an indigenous firm are competing favourably in the market. Leading vehicle manufacturers such as Nissan, Hyundai, and Kia, have set up factories in Nigeria and are employing thousands of our people. This is in addition to the revitalization of Peugeot Nigeria and ANAMCO.

“Hardworking private individuals are now thriving in their business endeavors. Brand names such as the Dangotes, the INTEL Services as well as several others in food processing, hospitality, transport, construction, oil and gas are recording huge successes.

“Even in the media, there has been an unprecedented growth with Nigerians firms thriving and competing favorably in print, electronic and online ventures following the business and media-friendly environment provided by the PDP”.

Noting that the successes recorded so far came through careful planning and execution of its economic strategies, the PDP assured that with continuous implementation of its wealth creation polices, the future of the Nigerian business community is secure with attendant benefits to the citizens.

Olisa Metuh
National Publicity Secretary


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  • Olu Ade

    Mr. Metuh, What is PDP ideology? Besides your window dressing talk, the reality on ground is that PDP has created a few billionaires among their cronies at the expense of the middle class and the masses. Your cronies and PDP rogues in govt now rides in private jets while the common man continue to ride on Leg-edies benz. Among your instant billionaires are Tompolo, Dokubo, Stella Oduah, Alamesiegha, Oritsejafor, Abba Moro, Clark, etc.

    …and please stop this charade of automobile manufacturing in Nigeria as one of your achievements. Did you know what killed Peugeot, Volkswagen and Leyland auto manufacturing? I will tell you: Corruption, inadequate Power (electricity), lack of steel manufacturing in Nigeria, no auto parts supply firms, lack of govt patronage (your govt imports bullet proof vehicles) and most importantly- lack of purchasing power by the middle class (how many salary earners can buy new cars). So,Mentuh, you have not fixed any of this problem and you are doing the same thing, expecting a different outcome. Mr. Metuh might have skipped class in secondary school economics when the principle of comparative advantage was taught to his class mates. PRINCIPLE OF COMPARATIVE ADVANTAGE DOES NOT FAVOUR NIGERIA IN AUTOMOBILE MANUFACTURING….and will your Otuoke President ride in made in Nigeria vehicles just like American Presidents by principle only rides in Made in USA brands.

    It doesn’t matter where the vehicles are manufactured, what is important is can our people afford to buy new cars, especially now when the same govt owes workers more than 3months salary. Car manufacturers will eventually move to where there is enough demands because they are in business to make profit.

  • The. Patriot

    Mhmmm , this Metuh is jus playing with our sensibilities . PDP got to change before the D day or else they will face the music. We are tired of rhetoric .

  • concerned9ja

    It was a slip of pen. Perhaps, what he meant was ‘enhanced corruption growth’

  • Amir

    Oh! Ideology has also become performance? For 6 years PDP looted with reckless abandon. We will ask them about ideology on February 14.

  • luku

    Bro Femi Aribisala,why do you single out Paul for your weekly article and attack of faith? I understand your point but I think you need to change the topic. For me,your article is getting boring. You have written about Paul for weeks. You have drawn so much attention to Paul,and made him more popular than Jesus christ who can actually save people. Please change the topic. Save us Paul said this or that. Paul is dead,and he never promised and gave us salvation.