Mr. Hassan Hammoud, Mamuda Groups of Company Chairman when talking about the situational analysis of Nigerian economy and its challenges said” You see with a population and gross domestic product projected at 399 million people and $3.3 trillion by 2050, the gulf between the reality of Africa’s largest economy and its undisputed potential remains wide—but achievable. The major task of the government as the Vice President Yemi Osinbanjo said himself, has been to systematically implement strategies that will deliver the future we wish to see.”
Again safe business environment is essential to economic growth, no business can thrive in an insecure terrain. Mr. Hassan Hammoud (Mamuda) said “but I am also aware of this fact as the Nigerian government enumerated. That “the past three and a half years have been challenging both at home and abroad. Commodity prices, both oil and non-oil, have been volatile. Global trends, be it security, trade, or politics, have also been unpredictable. In Nigeria, we have had to cope with disruptions in oil production and exports, security challenges, and devastating floods. We have weathered these storms and made progress on many fronts, which is why we have cause to be optimistic about the future.”
As he consistently reminds us, all these challenges there are opportunities for the government to do the needful in making Nigeria retain the position of largest economy of Africa. In Kano state, the government of Governor Ganduje is working tirelessly to address such challenges and revive the industrial status of the state.
In conclusion, Mr. Hammoud said, “there always challenges, but all challenges are to be overcome. And the good thing is, again I would want to refer to what the Vice President said about the state pf the economy before I even being to list them. He recently said this and this is based on factual information, that “the economy has recovered from recession and we have had six quarters of growth. Nigeria’s real gross domestic product growth stood at 1.81 percent in the third quarter of 2018 compared to 1.17 percent in the third quarter of 2017.”
