Our Ideology Has Enhanced Business Growth – PDP

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  • Says Its Policies Energized The Private Sector

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The Peoples Democratic Party (PDP) said it has in the last 15 years provided the enabling environment that empowered Nigerian entrepreneurs  across board to flourish in business and economy.
PDP National Publicity Secretary, Olisa Metuh in a statement on Sunday  said meticulous application by successive PDP administrations, of  policies as enshrined in the party’s ideology and manifesto has created  and sustained an investment friendly environment and empowered Nigerian  businesses to thrive in all spectrums of the economy.
“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

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