Following the release of Nigeria’s third-quarter GDP report by the National Bureau of Statistics, President Bola Tinubu has promised Nigerians better economic outcomes as the economy continues to grow.
Nigeria’s GDP grew by 3.46%, up from 3.19% in the second quarter, signaling progress. The growth reflects President Tinubu’s commitment to strengthening the economy and improving living standards for all Nigerians.
This increase shows that the country is recovering from the unintended effects of recent reforms. Tinubu reiterated his administration’s goal of achieving a $1 trillion economy by 2030.
In a statement from his Special Adviser on Media and Public Communications, Sunday Dare, Tinubu assured that once the economy is rebased by early 2025 to reflect changes across various sectors, Nigeria will be on the path to shared prosperity.
“I am pleased with the latest National Bureau of Statistics report showing that our economy grew more than expected in the third quarter. While I welcome this progress, it also highlights the work that lies ahead,” Tinubu said.
“We will not rest until Nigerians feel the benefits in their daily lives, and their living standards improve. My administration is dedicated to the welfare of the people.”
Tinubu also emphasized that the economic reforms implemented by his administration, particularly in fiscal management, are starting to show results. Additionally, the proposed tax reforms aim to ease the tax burden on small businesses and ensure more equitable prosperity across the country. The new tax policy seeks to reduce the “headquarters effect,” where states with corporate headquarters receive disproportionate benefits, promoting fairness across all regions.
