Why I won’t rest until Nigerians feel economic impact – Tinubu

President Bola Ahmed Tinubu has reaffirmed his commitment to Nigeria’s economic transformation, assuring citizens that he will not rest until the positive effects of his policies are felt across the nation.

Speaking in response to the National Bureau of Statistics (NBS) report on Nigeria’s third-quarter GDP growth of 3.46%, Tinubu highlighted this as a sign of economic recovery and progress.

This growth surpasses the 3.19% recorded in the second quarter and reflects the gradual recovery from the unintended effects of recent economic reforms.

Key sectors driving the growth include Agriculture, Transport, Education, Health, Real Estate, Finance and Insurance, ICT, Trade, and Manufacturing.

Tinubu emphasized that the performance demonstrates the success of his administration’s reforms aimed at repositioning the economy and improving fiscal management.

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In a statement by his Special Adviser on Media and Communications, Sunday Dare, the President reiterated his goal of achieving a $1 trillion economy by 2030. He assured Nigerians that the economy would be rebased by early 2025 to better reflect the dynamic changes across various sectors, paving the way for shared prosperity.

Tinubu also pointed to his administration’s proposed tax reforms as evidence of its commitment to equity and reducing the tax burden on small businesses.

The reforms aim to address the “headquarters effect,” ensuring fairer distribution of tax benefits and fostering prosperity in all regions.

The President expressed confidence that these measures, along with the sustained growth trajectory, will lead to a better standard of living for Nigerians and greater economic stability in the years ahead.

President Tinubu said, “I am excited by the latest report from the National Bureau of Statistics that our economy grew in the third quarter more than last quarter and even beyond projected estimates. While I welcome this development, the latest figure shows how much work is needed. We won’t rest until Nigerians feel the positive impacts in their pockets and experience a better living standard. My administration remains committed to the welfare of our people.”

The top contributing sectors to GDP in Q3 2024 are Agriculture (28.65%), ICT (16.35%), Trade (14.78%), Manufacturing (8.21%), Crude Oil (5.57%), Finance and insurance (5.51%), and Real Estate (5.43%).