President Bola Tinubu has pledged not to rest until Nigerians feel the positive effects of his economic policies. He made this commitment after the National Bureau of Statistics released its third-quarter report, showing that Nigeria’s GDP grew by 3.46%, an increase from the previous quarter’s 3.19%.

In a statement released by his Special Adviser on Media and Public Communications, Sunday Dare, President Tinubu expressed his determination to improve the country’s economy. He revealed plans to rebase the economy by early 2025, allowing it to better reflect the changes and growth in different sectors. This rebase, he said, will help move Nigeria toward shared prosperity, benefiting all citizens.

With these steps, President Tinubu hopes to ensure that economic progress reaches every Nigerian, not just in numbers but in real-world improvements.

“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 also shows the much work that needs to be done.

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.

This performance once again shows that the reforms embarked upon by the Tinubu administration to reposition the economy and ensure better fiscal management are beginning to yield fruits.

The proposed tax reforms also indicate the administration’s resolve to reduce the tax burden on small businesses and spread prosperity to the poor. The new Tax regime seeks to promote equity by reducing what is known as the headquarters effect – a situation where states, where company headquarters are based, get more benefits because their taxes for the whole nation are remitted – in favour of spatial and demographic equity.” the statement reads in part