The Minister of Budget and National Planning, Udoma Udo Udoma, has expressed optimism that the country’s economy is growing at 1.9%, and that in the near future, the citizens will begin to feel the impact.
He pointed out that for an economy growing at this pace, it was hard for the people to feel the impact of the growth yet adding that at the initial stages of growth it takes time for the people to begin to sense the effect especially in the creation of more jobs among others.
He stated, “An economy that is growing at 1.9% people will rarely feel the impact but the important thing is for people to see the direction of growth which should get them optimistic because our target is 7% by 2020.
He expressed hope that the citizens would begin to appreciate the policies geared towards economic growth when it moves upward to about 5 percent.
“By the time we get to 4-5% people will rarely feel the impact of the economy”, he added.