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Standard & Poor's Positive Rating Good For Nigeria – GEJ Campaign

Source: EWACHE AJEFU, ABUJA BUREAU CHIEF - thewillnigeria.com
PHOTO: PRESIDENT GOODLUCK JONATHAN.
PHOTO: PRESIDENT GOODLUCK JONATHAN.
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ABUJA, Nov 04, (THEWILL)- The Goodluck/Sambo Campaign Organisation today said Standard and Poor’s, a credit rating agency, has just reaffirmed its positive rating on the Nigerian economy, even admitting that the country’s economic performance has been better than expected.

Director of Media and Publicity Mr. Sully Abu in a statement said the agency gave the economy good ratings both for short term and long term and commended the oil nation’s balance sheet.

"We would expect recent doomsayers who lap up negative prognostications on the country and especially the economy to eat humble pie and acknowledge Standard and Poor’s findings, that is, if they refuse to believe the report on the economy by the relevant authorities in government," Abu said.

"But we know they would not be graceful enough to do that and would for partisan purposes continue to fill the air with dire prognoses that heat up the atmosphere and unnecessarily create a situation that would lead investors into talking of ‘high political risk’ in the run-up to the 2011 elections," the campaign added.

Abu said: “The Goodluck administration would not be distracted by antics that are designed to score cheap political points but would remain focused on improving the living standards of the people through massive investment in power and other critical infrastructural sectors.

“Delivering on the expectations of the people, is what matters at the end of the day,” he affirmed.