8 February 2014

Nigeria: Consumers Positive On Stability of Economy - Polls

Abuja — An independent, dynamic and innovative public opinion and research organization in Nigeria, NOI Polls Limited has put consumer's confidence index for the month of January at 83%, saying consumers in the country were positive about the stability of the economy.

The polls which revealed that consumers are highly optimistic about the future, which put the expectation index at 96.9 percent, also said that Nigerians feel good about their present personal and economic situation.

The Managing Director/ Chief executive officer of NOI Polls Ltd, Miss Oge Funlola Modie explained that a total of randomly selected 4,000 adults are polled monthly.

According to her, "NOIPolls started monthly polling for the consumer confidence index in January 2014 and the score was 83.9 percent. The score obtained in January indicates that consumers are positive about their personal and stability of the economy.

She added that, "in general, this optimism is expected to result in the purchase of more goods and services and ultimately stimulate economic growth.

On the aspect of the Eagle 30 Business Confidence Index, Miss Funlola Modie said, "NOI polls has also concluded the Eagle 30 business confidence Survey biannually for a 5 year period of 2009, 2010, 2011, 2012 and 2013. the eagle 30 business confidence survey captures the opinions of C-level executives from 30 leading companies in Nigeria and provides information about the existing business environment and short term business outlook".

She also explained that in the aspect of personal well-being Index, her organization started monthly polls for its January 2013 index where seven indicators were used to measure the PWB. "' These were Standard of Living, Health, achievement in Life, Personal Security, Social Interaction, Religion and Economic Situation". she stated.

In his contribution, the Director of Research of NOI Polls Ltd Dr. Boll Ihua said that the quarterly analysis of the Power and energy sector for 2013, shows that power supply was best over the 1st quarter with an average of 41percent and worst over the 2nd and 4th quarters with an average of 33percent.

"In the area of the telecoms, 40percent of Nigerians use dual lines [down from 455 in 2012 telecoms survey], 37 percent use single lines [up from26% in 2012 Telecoms survey], 16% use 3 lines[down from 19% in 2012 Telecoms survey], 7percent more than 3lines.". For the Oil and Gas sector,

Dr. Ihua explained that in 2013, an average of 62 percent of Nigerians purchased petrol at the official pump price of N97 while and average of 38percent purchased petrol above the official pump price.

Speaking on what the organization stood for, Dr. Boll Ihua stated that NOI Polls is the No.1 for country-specific polling services in the West African region,. "We partner with Gallup USA to develop opinion, research in Nigeria, We deliver forward- thinking research and relevant data on public opinion and consumer market on a range of topics".

According to him, the organization was established seven years ago but began operations just six years ago.

Meanwhile, the VOIPolls has admitted that it is only complementing the efforts of the National Bureau of Statistics, NBS, on data collations rather than being in competition with the agency as claimed in some quarters

2014: Why I Left PDP- LP Guber Aspirant.


Former Secretary to the State Government SSG in Osun state Alhaji Fatai Akinbade who was one of the leading Peoples Democratic Party PDP governorship aspirants explained yesterday why he left the party to join Labour Party LP.

The LP gubernatorial aspirant in the August 9 election in Osun State disclosed that he left PDP for LP owing to the disharmony abound in PDP.

Akinbade who served as SSG during the administration of Prince Olagunsoye Oyinlola assured that LP was ready to liberate the people of the state from the present bondage in which the All Progressives Congress APC led government has plunged it into in the last three and half years.

Akinbade while addressing party members and supporters at the new secretariat in osogbo noted that Labour Party will spring a surprise in the coming election, urging members to put their differences behind them and work for the victory of the party.

His words: "I left PDP because of the disharmony evident in the party which has hitherto turned it to a sinking ship. The party believes so much in thuggery and manipulation, but those who know my antecedent in politics will know that I detest thuggery and manipulation.

"Let unity of purpose which is our watchword in Labour Party be evident in our deeds and let us unite to wrestle power from these Lagos people who don't know our behavior, history and wants in Osun State. The people of this state should troop out and register during registration come March 12 to 19."

"Both PDP and APC have mis-ruled the state for over ten years now and this is time to vote them out. I therefore urge you to cast your votes for LP in the coming election."

Akinbade revealed that reactionary forces did everything to scuttle the opening of the office of the LP in Osun State, stressing that three offices were paid for but was truncated at the point of payments thus calling on party faithful to work assiduously for the victory of the party in August election.

The aspirant further informed the gathering that he joined the race to bring their sorrow, pains and anguish to a lasting end, calling on Osun State people to vote enmasse for the Labour Party.

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