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President Muhammadu Buhari has assessed his administration’s performances in various sectors of the economy in the outgoing year 2021, declaring that the recovery of the nation’s economy remained on a steady path throughout the year. According to the President, the country recorded some significant achievements in the year despite the turbulence that characterised the economy.

The message, obtained by SaharaReporters, partly read, “We equally remember and commiserate with Nigerians who have lost loved ones as a result of insecurity in different parts of the country. Every life matters and every single death caused by any form of insecurity is a matter of personal concern to me both as a citizen and as the President of this great country.

According to the President, the country recorded some significant achievements in the year despite the turbulence that characterised the economy.

The message, obtained by SaharaReporters, partly read, “We equally remember and commiserate with Nigerians who have lost loved ones as a result of insecurity in different parts of the country. Every life matters and every single death caused by any form of insecurity is a matter of personal concern to me both as a citizen and as the President of this great country.

“We remain fully committed to upholding the constitutional provisions that protect all Nigerians from any form of internal and external aggression.

“On the economy, we have shown a high level of resilience to record some significant achievements despite the turbulence that has characterised our economy and indeed the global economy. The lessons we have learned and keep learning from COVID-19 have encouraged us to intensify efforts to mitigate its socio-economic effects on our Nation.

“The major wins we have recorded can be clearly seen in Nigeria’s most recent Gross Domestic Product (GDP) figures released by the National Bureau of Statistics (NBS). The 4.03% growth recorded in the third quarter of 2021 is indicative of the recovery being recorded in our economy and the confidence that is being shown through the policies that our Administration has put in place after the outbreak of the pandemic.

“We may also recall that this recent growth is closely followed by the 5.1% (year on year) growth in real terms recorded by Nigeria in Quarter 2 of 2021. This growth was one of the best recorded by any nation across Sub-Saharan Africa. The 5.1% growth at that time was and remains the highest growth recorded by the Nigerian economy since 2014.

“Despite the challenges we have faced as a Nation, the good news is that we have so far recorded four consecutive quarters of growth after the negative growth rates recorded in Quarter 2 and Quarter 3 of 2020 due to the effect of the COVID-19 pandemic.

“On August 16, 2021, I signed the landmark Petroleum Industry Act into law. The signing of this legacy legislation is a watershed moment in the history of our Nation, considering the massive positive impact the new Act would have on the economy. I would like to sincerely commend the 9th Assembly for the grit they demonstrated, succeeding where others have failed, and the cooperation that led to the completion of this process after almost two decades.

“Just like I stated during the investment trips and fora that I have attended recently, the legisl

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