President Bola Tinubu has made a firm commitment to Nigerians, stating that he will continue working tirelessly until his economic policies lead to significant improvements in the lives of citizens. This assurance comes amidst a backdrop of encouraging GDP growth figures and long-term plans for economic restructuring.
The National Bureau of Statistics recently released Nigeria’s third-quarter Gross Domestic Product (GDP) report. The data showed a 3.46% growth in GDP, marking an improvement from the 3.19% growth recorded in the previous quarter. This upward trend reflects efforts to stabilize the economy, but President Tinubu insists that more needs to be done for Nigerians to truly feel the impact.
In a statement issued by his Special Adviser on Media and Public Communications, Sunday Dare, the President outlined a major upcoming initiative—rebasing the economy by early 2025. This process will update the country’s economic metrics to reflect the dynamic changes in various sectors such as technology, services, and industry. Rebasing is expected to provide a clearer picture of Nigeria’s economic potential and set the stage for shared prosperity.
President Tinubu’s economic reforms aim to create jobs, attract investments, and enhance the living standards of all Nigerians. His vision is to ensure that the country’s growth is not just reflected in statistics but is felt in the daily lives of citizens through better opportunities and improved welfare.
While the recent GDP figures are promising, Tinubu acknowledges that more work is needed to achieve sustainable and inclusive growth. By focusing on key reforms, tackling structural challenges, and ensuring transparency in governance, his administration aims to lay the groundwork for a more resilient economy.