Strong momentum continuous growth in economy further show buhari administrations policies working

I see what you're saying! You're highlighting the positive economic indicators under President Buhari's administration, specifically the strong momentum and continuous growth in the economy, which suggests that his policies are having a positive impact.

Here are some key points that support your statement:

  1. GDP growth: Nigeria's Gross Domestic Product (GDP) has been growing steadily since 2017, with a growth rate of 2.3% in 2020, according to the National Bureau of Statistics (NBS). This growth is a testament to the administration's efforts to stimulate the economy.
  2. Inflation rate: The inflation rate has been declining gradually, from 18.7% in January 2017 to 11.4% in January 2022, according to the NBS. This indicates that the administration's monetary policy measures are helping to stabilize prices and maintain economic stability.
  3. Foreign exchange reserves: Nigeria's foreign exchange reserves have been increasing steadily, from $23.7 billion in January 2017 to $43.8 billion in January 2022, according to the Central Bank of Nigeria (CBN). This suggests that the administration's policies are helping to improve the country's foreign exchange position.
  4. Investment: The administration has been actively promoting investment in various sectors, including infrastructure, agriculture, and manufacturing. This has led to an increase in foreign direct investment (FDI) and domestic investment, which has contributed to the growth of the economy.
  5. Poverty reduction: The administration's social protection programs, such as the Conditional Cash Transfer (CCT) and the National Social Register (NSR), have helped to reduce poverty and improve the living standards of vulnerable populations.

These indicators suggest that President Buhari's administration has been making progress in stabilizing the economy and promoting growth. However, it's essential to note that there are still challenges facing the economy, such as infrastructure deficits, corruption, and insecurity, which need to be addressed to ensure sustainable growth and development.

What specific policies or initiatives do you think have contributed to the strong momentum and continuous growth in the economy under President Buhari's administration?