Our Ideology Has Enhanced Business Growth - PDP Says

In a statement released this afternoon, the PDP says its ideology has enhanced the growth of businesses in Nigeria and also energized the private sector. The statement signed by the party's Publicity secretary, Olisa Metuh reads in part;

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 favoruably 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.

Signed:

Olisa Metuh

National Publicity Secretary