Nigerian economy among world’s largest – Jonathan

FILE PHOTO: Former Nigeria's finance minister, Ngozi Okonjo-Iweala and Former President Goodluck Jonathan

President Goodluck Jonathan said on Tuesday that his administration had managed the country’s economy to become the greatest in Africa and one of the largest in the world.

He said this in Port Harcourt at the inauguration of Enugu- Port Harcourt-Enugu intercity train service.
‘’We have managed the economy such that it has risen to be the greatest economy in Africa and one of the largest in the world,’’ he said.

Represented by his Vice, Namadi Sambo, the president said his government had changed the course of history in the country.

‘’We have changed the course of history with the railway system in the last 30 years from the neglected sector to a rehabilitated and revitalised one by rehabilitating the existing narrow gauge railway lines, their operations and maintenance,’’ Mr. Jonathan said.

He said the administration would construct coastal railway line from Lagos to oil producing states of the Niger Delta and link up commercial cities in the South-East.

According to him, the Abuja-Kaduna rail project was at 90 per cent completion stage while the Warri- Itakpe project was at an advanced stage.

‘’We have introduced programmes that have impacted positively on the lives of the people and addressed key issues in our national agenda,’’ he said.

According to the president, he had fulfilled all his electioneering campaign promises he made to Nigerians during the 2011 presidential election.

In his contribution, Idris Umar, the Minister of Transport, said the construction of Lagos-Ibadan railway line would commerce soon.

The minister said that the Warri -Itakpe rail project was progressing steadily.

He said more than 90 per cent of the existing narrow gauge rail lines in the country was being rehabilitated and noted that the rail ways were very significant to the country’s economy.

Adeseyi Sijuwade, Managing Director of Nigerian Railway Corporation (NRC), noted that the rehabilitation of Enugu-Port Harcourt railway had many challenges.

He said 30 metres of the rail line was washed out by Aba gully erosion and explained that five metres wide reinforced concrete culvert of more than 366 metres long resolved the problem.

According to him, ‘’the Aba mountain of refuse’’ of about five metres high was part of the challenges while a section of the track was buried.

He explained that the challenges had made train services impossible in the South-East since 2009.(NAN)


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  • Giganto

    Absolutely deluded! Please tell this Otuoke Hip. that delusion has cure and he should seek help before it is too late

    • Chris1408

      He’s truly delusional

  • Chris1408

    GEJ is definitely high on hard drugs.

    • TAWANDA INCOMMUNICADO

      Your Papa na junky too !

  • Spoken word

    Definitely lost all sense of reality. I like the Christmas present that GEJ is giving us.he is giving us no light.

  • McAlfred Uta

    For once I wish to commend GEJ for his foresight in rehabilitating railways infrastructure across the country. Recently I saw the Abuja rail line in Kubwa and was more than impressed. May be GEJ can still get it right in the power sector. For those with lesser exposure the European, USA, Japanese and other developed economies transportation system are anchored and sustained on railways infrastructure either as trams or inter city mass transit system. GEJ can do more by powering the railway trains with electricity rather than diesel locomotive engines.

    • Yusuf

      My broda wait until u travel from Lagos to maiduguri, PH to Sokoto; or even withing Abuja in an effective metro before u commend this man

  • Maria

    The man was high on shepe.

  • Ade

    Yes, you have been able to manage our economy to become Africa largest and poorest economy. The biggest economy with one of the lowest per capita income in Africa. Africa’s biggest and darkest economy. Africa’s biggest economy whose currency is fast turning into tissue papers. The other day, you told a Canadian delegation that the fall in price of crude oil will not affect our economy despite all the facts to the countrary. GEJ, Are you on hard drugs? Have started to combine Kaikai with Igbo?
    Are you suffering from hallucination? You need to subject yourself to psychi test very fast

    • Yusuf

      This president is pathetic, its like he knows nothing about anything

  • Dr. Ahmad

    A President without knowledge of simple economics. Re basing an economy is not anything to celebrate even by the Statistician General of the Federation, talkless of a whole president. The sudden rebasing only means that the Stat. General has not been doing his job well, that he has been underestimating our GDP in the past for donkey years using obsolete tools, that he has been misleading people, government and investors, and he is now correcting his measurements. We are 7th in the world by population and probably the 1st by resources but yet we are 26th by GDP and 151th by Developement Index (UNDI); taking averages our rightful place is 4th in the world by all available index. For God and for Goodness what are we celebrating

  • Femi

    GEJ if you are saying our economy is amongst the largest in the world the answer is yes, you managed it yes but the question I would like you to ask yourself and answer is did the economy blossom? Were the citizens prospering?
    You commissioned train coaches that are no more in use or should have been kept in the museum and you are proud of yourself. With the wealth Naija has we should have the best rail networks but thanks to you we have more air pollution around.

  • favourtalk

    E be like say them wan to tell us another story again ooo, e be like say them wan to tell us another seasonal movie again ooo,he should tell that to he gods,nigerians are not interested in his game again, they still can’t at the workers salary ti now and he is telling us that Nigeria economic is good. We will vote you out, that is our choices and decisions this time

  • Dr. Ahmad

    The average cost of a high tech rail (250-350km/h, with high ratio of viaducts and tunnels, i.e when the whole construction is withing a city) is around $30million/km, without many tunnels u are talking of something far less. Put up the NNPC scam, Fuel subsidy, Power scam to mention few and see what we should be talking about, not some old-india-train the like of which started in Nigeria more than 100 years ago. Nigeria is a sad story

  • ADEYANJU

    Largest economy indeed…its as if he tinks ….the way aso rock is how nigeria looks……..well…his shying away from the fact he cant point at what his tenure as achieved so far……trying to justify himself….come next year election…gej will be voted out….GMB 2015

  • Warriorhenry

    Looking at the operating environment GEJ is operating and all the forces and odds against him inflicted on us by our Common
    Enemies, Past Presidents and Leaders, am of the opinion that GEJ still rank the best in performance Vis a vis all the Presidents that had rule this great country Nigeria. Please let us support him to close any gap that may still exist so that we can all reach the promise land together in peace. Remember working together in one accord and common purpose as a team with all hands on desk we become unstoppable. Just like Ebola could not be a match for Nigerians so shall Nigerian economy flourish and become the best even among the developed world. God Help Nigeria…Amen

    • Ade

      Typical of jonadaft supporter. Excuses, Excuses and nothing more. We did not elect jonathan to come and take tea at Aso Rock. He is there to address the country’s problems irrespective of the challenges. If he cannot, he should resign. In the private sector, a CEO who cannot perform is usually booted out.

      • Warriorhenry

        Agree with you my brother. But looking at
        current Nigerian Government structure on ground that is self and God-fatherism,
        location and tribal/religion based rather system base. I have my doubt as
        regard economic improvement achievement we all tend to sought for. We need a
        system of check and balancing; which also I doubt if our current Judiciary, Legislative and Executive structure as currently constituted can offer us. We need to discourage a process where public servant becomes instant millionaire by virtue of public office they hold over night. Public officer should be for Nigerians who are willing to serve their Nation selflessly without thinking of how to exploit the common wealth of the Country to their own personal gain. All Public Officers from Commissioners, Governors, Ministers, Senators, Honourable and even the Presidency should be for people who had already established themselves in their Area of professionalism and hence should be willing to serve and subject themselves to average Nigeria conditions at home i.e. An oath to be contended with Lowest Nigerian workers Salary, All medical treatments should be within Nigeria, He must be willing to stay in Nigeria with his family and his children need to attends Nigeria Schools/Universities. All the Good things He want to go and enjoy outside Nigeria He should try and replicate it in Nigeria and for the benefits of all Nigerians. In summary He needs to Feel what ordinary Nigerian feels and pass through every day. Corruption of any public officers if proven guilty should be a minimum of life imprisonment. This I believe will shape the senses of our leaders for National development and improvement.

        • Warriorhenry

          Interesting yet to get a Nigerian to support my idea or suggestion of better ideas to move Nigeria Forward!!! How then do we get Gold without Fire?

  • AK

    Nigerians minimum wage per month is now $97 as against $110 and they say
    Nigerian economy has grow. How they want make man survive

  • abbadd

    The Economy here is GEJs pocket.