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Survey implies Nigerians upbeat on economy revival

13 January 2016, 19:02

Lagos - A majority of Nigerians are optimistic the country’s economic fortunes will improve in the next six months.

This is according to a survey whose outcome researchers attributed to the budget speech President Muhammadu Buhari recently presented in Parliament.

“This perception may have been influenced by the high expectation of Nigerians from the recently released 2016 budget by the President to the National Assembly which seems to give some policy direction and boost in the hopes of the citizens on the economy,” NOIPolls stated.

According to the survey, the creation of jobs, boosting security in the country and resuscitating the economy are the key issues Nigerians would like the government to prioritise in 2016.

Also read: World Bank raises alarm over Nigeria’s economy

The research suggests 16 percent of locals are concerned about unemployment and thus want it reversed while 15 percent and 12 percent respectively want government to work on security and the economy.
Other key issues are electricity (10 percent), education (9 percent) and the downstream oil sector (7 percent).

Analysis by geo-political zones indicates that the South-South zone (31 percent) is most worried about job creation.

“This reflects the security challenges in these zones as a result of insurgency,” NOIPolls stated.

While other zones are more concerned about job creation, electricity and economic/welfare, the North-East and North-West are mostly worried about security, accounting for the highest percentage of Nigerians (both 13 percent) who expect the President to focus on that.

The opinion poll was conducted in the week of January 4, involving telephone interviews of a random nationwide sample.

Some 1 000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed.

“With a sample of this size, we can say with 95 percent confidence that the results obtained are statistically precise - within a range of plus or minus 3 percent,” NOIPolls stated.

- CAJ News

Tags nigeria

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