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Tinubu Optimistic About Nigeria’s Economic Future as GDP Grows by 3.46% in Third Quarter

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President Bola Tinubu has expressed confidence that Nigeria’s economy is on the path to improvement following the release of the National Bureau of Statistics’ third-quarter Gross Domestic Product (GDP) report.

The data revealed that Nigeria’s GDP grew by 3.46%, an increase from the 3.19% recorded in the previous quarter, signaling a positive trend in the country’s economic recovery.

In his remarks, President Tinubu reiterated his commitment to achieving a $1 trillion economy by 2030, a promise he remains resolute in fulfilling.

He assured Nigerians that by early 2025, when the economy is rebased to reflect its evolving sectors and greater dynamism, significant improvements will be visible.

This, he said, will pave the way for the country to experience shared prosperity and economic stability.

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The GDP growth of 3.46% is largely attributed to the performance of critical sectors, including Agriculture, Transport, Education, Health, Real Estate, Finance and Insurance, ICT, Trade, and Manufacturing.

These sectors played a vital role in driving the economy forward, demonstrating the positive impact of the reforms that have been implemented under President Tinubu’s administration.

The administration’s fiscal policies, including proposed tax reforms, are also expected to contribute to the economy’s growth.

The new tax regime aims to alleviate the financial burdens on small businesses and promote equity by ensuring a more even distribution of resources across regions.

This will help address the so-called “headquarters effect,” where states with corporate headquarters receive more benefits from taxes remitted nationwide.

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President Tinubu mentioned the significance of the third-quarter GDP growth, noting that it exceeded expectations and is a testament to the positive direction in which the economy is headed.

However, he acknowledged that there is still much work to be done.

“While we welcome this development, the latest figures also remind us of the work that remains.

We won’t rest until Nigerians feel the positive impacts in their pockets and experience a better living standard,” he said.

The sectors that made the most significant contributions to GDP in the third quarter of 2024 include Agriculture, which accounted for 28.65%, ICT at 16.35%, Trade at 14.78%, Manufacturing at 8.21%, Crude Oil at 5.57%, Finance and Insurance at 5.51%, and Real Estate at 5.43%.

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These figures show the diverse sources of economic growth and the importance of each sector in supporting Nigeria’s overall economic performance.


 

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President Tinubu to Attend Pope Leo XIV’s Inauguration in Rome

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President Bola Ahmed Tinubu is set to travel to Rome this Saturday to attend the inauguration of Pope Leo XIV, the new leader of the Roman Catholic Church. The invitation came directly from Pope Leo XIV, who emphasized the importance of the president’s presence during this significant moment for the Church and a world facing many challenges.

Pope Leo XIV, formerly Cardinal Robert Francis Prevost, will be officially installed as the 267th Bishop of Rome on Sunday, May 18, at St. Peter’s Square in the Vatican.

President Tinubu will be accompanied by key Catholic figures, including the Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, Archbishop Lucius Ugorji of Owerri, Archbishop Ignatius Kaigama of Abuja, Archbishop Alfred Martins of Lagos, and Bishop Mathew Hassan Kukah of Sokoto.

Notably, Pope Leo XIV has a special connection to Nigeria, having worked at the Apostolic Nunciature in Lagos during the 1980s. After the ceremony, President Tinubu is expected to return to Abuja on Tuesday, May 20.


 

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Makinde Tells Nigerians to Protect Their Culture and Not Let It Disappear

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Oyo State Governor, Seyi Makinde, has urged Nigerians to preserve their culture and ensure it doesn’t fade away with time. Speaking through his deputy, Barrister Adebayo Lawal, at the 2025 World Egungun Festival grand finale held in Ibadan, Makinde emphasized the importance of keeping traditions alive.

The event took place at Obafemi Awolowo Stadium in the Oke Ado area and was graced by top dignitaries including Chief Lekan Alabi, who represented the Otun Olubadan of Ibadanland, Oba Rashidi Ladoja, Osun State’s Commissioner for Culture and Tourism, Hon. Ojo Abiodun, Prince Adeola Adelakun of Oje Parapo Worldwide, and Oyo State’s own Commissioner for Culture and Tourism, Dr. Wasiu Olatunbosun.

Makinde stressed that culture and tourism are key focus areas for his administration, and his government is committed to supporting efforts that will keep local traditions thriving. He added that by investing in cultural events and heritage, the state can boost its economy through tourism and increase revenue. He said, “We must not let our culture die. I’m glad to see young people taking part in this celebration, not just the elders.”


 

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Governor Adeleke Says Dancing Makes Him Happy and Doesn’t Stop His Good Work

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Osun State Governor Ademola Adeleke has called on critics to stop mocking him for dancing in public. He said it’s unfair to judge his leadership based on his love for dancing, adding that expressing himself through dance doesn’t take away from his achievements.

Speaking at a recent event, Adeleke pointed out that many public figures, including fellow governors and even the President, also dance but aren’t ridiculed for it. He made it clear that there’s no rule stopping a public official from dancing as long as it causes no harm.

In a now-viral clip, Adeleke said, “Sanwo-Olu dances, even Tinubu dances. So why should I be attacked for dancing? There’s no law against it.” He urged people to stop making his dance moves a reason to doubt his work.

According to him, “Dancing brings me joy. It’s how I express myself. It’s not hurting anyone, and it doesn’t stop me from doing my job.” Recently, his nephew, music star Davido, praised him as the best governor Osun State has ever had, noting that people doubted his ability because of his fun-loving nature. But over time, Adeleke has silenced the critics with his performance in office.


 

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