The Peoples Democratic Party (PDP), has applauded President Goodluck Jonathan over the implementation of the Transformation Agenda, urging Nigerians to support the administration. The party's National Publicity Secretary, Chief Olisa Metuh, in a statement, said the President has pursued his economic reforms, stressing that they have started yielding results.
"We are indeed highly impressed that the reforms initiated by the President has started yielding very high dividends resulting in a massive leap in the nation's economy which has also been acknowledged by the world community; the latest being the Fitch Ratings which affirmed Nigeria's long-term foreign and local currency IDRs as well as senior unsecured bond and s'hort-term foreign currency IDR ratings respectively at 'BB"s.
The party noted that "it is heart-warming that at a time other economies of the world are having a downward trend, Nigeria's economy on the other hand is experiencing stability and growth."
It listed some of the factors that led to the positive rating to include massive developments in the power, agriculture and road sectors as well as reforms in finance, commerce and industry.
Particularly, the PDP praised the President for "initiating the New Automobile Industrial Policy Development which is focused on promoting investments in affordable made-in- Nigerian vehicles" even as it "noted the conclusion of arrangements to kick-off passenger service on the Eastern railway route before the end of December."
"We are happy that the New Automobile Industry Policy is already yielding results. Direct foreign investments are already flowing in from leading vehicle manufacturers including Nissan and Stallion Group which have entered into an agreement with the Federal Government to establish auto plants in Nigeria''.
.....Anyway,am still developing my marking scheme,I don't understand the one PDP is using,for now I rest my case.
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