President Bola Tinubu has reiterated his administration’s dedication to enhancing Nigerians’ living conditions in response to the National Bureau of Statistics (NBS) report, which revealed a 3.46% GDP growth in the third quarter of 2024.
This represents an improvement from the 3.19% growth recorded in the second quarter.
Commenting on the report, President Tinubu acknowledged the growth as evidence of progress despite the difficulties stemming from recent economic reforms.
I am thrilled by the recent NBS report, which shows our economy has grown more than the previous quarter and exceeded expectations. While this is a positive development, it also highlights that there is still much work to be done,” the President remarked.
He reaffirmed his administration’s goal of reaching a $1 trillion economy by 2030, emphasizing that the planned economic rebase in 2025 would reflect Nigeria’s changing economic dynamics.
In a statement from his Special Adviser on Media and Public Communications, Sunday Dare, Tinubu assured Nigerians that strategic reforms would lead to “shared prosperity.”
“We will not rest until Nigerians see tangible benefits in their finances and enjoy an improved standard of living,” Tinubu vowed, emphasizing his administration’s tax reforms aimed at easing the burden on small businesses and ensuring fair revenue distribution among states.
He also underlined that the ongoing reforms are focused on restructuring the economy for sustainable growth, fostering fiscal stability, and promoting inclusivity.
He urged Nigerians to stay optimistic, assuring them that the government’s policies would soon produce visible results.
With the GDP growth signaling recovery, Tinubu’s administration continues to prioritize building economic resilience and promoting social equity.
