Despite economic recession, Nigerians express optimism at Independence celebration

The yearly Independence Day Special Edition Poll results released by NOIPolls Limited have revealed that a majority of Nigerians (68 percent) believe Nigeria’s Independence is worth celebrating in spite of the economic recession.

However, it should be noted that this is a decline of 16 percentage points from last year’s value, indicating that the economic recession may be taking its toll on the level of patriotism of some Nigerians.

More findings revealed that of those who believe Nigeria’s Independence is worth celebrating (despite the current economic challenges facing the nation), a significant proportion (25 percent) stated that Independence Day is worth celebrating because it is Nigeria’s day of independence and some (13 percent) also asserted that it marks the day Nigeria was liberated from colonial rule amongst other affirmative reasons.

In addition, Nigerians reported that they love being Nigerians mostly because of the perceived peace and unity that exist in the country and most residents from the North-East region accounted for the largest proportion of respondents who made this assertion. This may be a reflection of the gains in security made by the Nigerian military forces and the Multi-National Joint Task Force in the region.

Furthermore, the poll results revealed that most Nigerians consider the economy as a high priority issue which the nation should confront within the next one year. This is evident as Nigeria’s economy has slipped into recession with a 2.06 percent contract in Gross Domestic Product (GDP) in the second quarter of 2016.

The National Bureau of Statistics reported that the decline has caused the Naira to get weaker, while lower oil prices dragged the oil sector down. The output shrunk by 0.36 in the first quarter hence, the nominal GDP was 2.73 percent higher at 23.48 million Naira at basic prices. This growth was lower than the rate recorded in the second quarter of 2015 by 2.44 percent.

Leave a reply

Your email address will not be published. Required fields are marked *

cool good eh love2 cute confused notgood numb disgusting fail