Criticisms Trail Keyamo’s Claim That Nigeria Now Producing More And Importing Less

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The spokesman of President Muhammadu Buhari campaign team, Festus Keyamo, has said Nigeria is now producing more and import less.

This follows a report by the Central Bank Governor, Godwin Emefiele, which has it that Nigeria’s monthly import bill is falling significantly from $665.4 million in January 2015, to $160.4 million as at October 2018, representing a drop by 75.9 per cent and an implied savings of over US$21 billion on food imports alone over that period.

Keyamo therefore, tweeted:

“Fellow Nigerians, this is the clearest indication that we’re now producing more & importing less👇….Emefiele: Nigeria’s Monthly Import Bill Drops from $665.4m to $160.4m    Promises to sustain stability in the forex market  – THISDAYLIVE.”

But many Nigerians did not agree with Keyamo, as they have different interpretations to the reduction.

See their reactions:

Olola: Oga, you don’t need to expend so much energy to market a good product! If you’re producing more, your exchange rate should be falling by the same margin and your unemployment rate should be dropping too not the other way round. You are confused!

Femi Olfin:  The last time I check abokifx $$ is trading for N370 to a dollar. We must be producing imaginary products!

@abiabo: my brother we never chop finish na to import we go import? thats the reason for the drop. businesses are closing and you are playing politics.

Usman Gora: You might decide not to vote APC but the truth most be told and the figures re already on the ground for you to appreciate….. Carry us to the next level… Baba.

Chidi Unachukwu:  Keyamo is not good in economics. Emefele (CBN governor) is only playing politics with his fake figures and analysis. He does not even know what is happening in the economy which he is the arrow head. Otherwise, his figures, should make him cry! There is fire on the mountain.

ThankGod Ukachukwu: Do you know that thousands of Nigerians who would have normally changed their cars during Xmas didn’t? And 2018 has been with least investment in real estate because people aren’t building anymore? Do you know people have cut down on imported goods cos they are poorer?

Chidi Obeche: No money in the country bros are u sure ur in Nigeria even in the pharmacy where I work it’s hard for people to afford common malaria drug after the patient is diagnosed of malaria u will hear please my son give me paracetamol let me go and manage is that an improvement

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