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Tinubu: Nigerians Must Feel Economic Impact Before I Rest

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President Bola Tinubu has promised not to rest until Nigerians experience the positive effects of his economic policies.

This assurance comes after the National Bureau of Statistics reported a 3.46% growth in Nigeria’s Gross Domestic Product (GDP) for the third quarter of 2024, an improvement from the 3.19% recorded in the second quarter.

In a statement by his Special Adviser on Media and Public Communications, Sunday Dare, Tinubu expressed optimism about the economic progress. He said, “I am excited by the latest report from the National Bureau of Statistics showing our economy grew more than projected.

While this is encouraging, it highlights the work ahead. We won’t rest until Nigerians feel the benefits in their daily lives and enjoy a better standard of living.”

Tinubu credited the growth to his administration’s economic reforms and better fiscal management. He emphasized that the upcoming rebasing of the economy in early 2025 will reflect significant changes in various sectors, paving the way for shared prosperity.

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The President also highlighted proposed tax reforms aimed at reducing the burden on small businesses and promoting fairness across the country. These reforms will address the “headquarters effect,” ensuring that tax benefits are more evenly distributed among states.

Tinubu reiterated his administration’s commitment to improving the welfare of Nigerians and creating an equitable economy.


 

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Sowore Criticizes Northern Leaders for Shutting Schools Down During Ramadan

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Omoyele Sowore has criticized northern leaders for shutting down schools to allow children to participate in Ramadan fasting. The decision, implemented in Bauchi, Katsina, Kebbi, and Kano States, has caused criticism from many Nigerians.

Sowore, a well-known Nigerian activist, accused the leaders of hypocrisy, claiming that their children are not affected by the policy since they attend expensive private schools in Abuja or study abroad.

In a statement on his Facebook page, Sowore condemned the move, saying, “Those who decided to shut down schools for Ramadan fasting don’t have their children in these struggling public schools.

Their kids attend top private schools or study overseas, funded by resources meant to support underprivileged students in these poorly maintained schools, which remain open during Ramadan. These leaders are irresponsible and unfair.”


 

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Trump Says He’s Buying a Tesla to Show Support for Elon Musk and His Company

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President Donald Trump has announced plans to purchase a new Tesla vehicle to demonstrate his support for Elon Musk amid recent boycotts and a significant drop in Tesla’s stock value.

On his Truth Social platform, Trump praised Musk’s contributions to the nation and criticized efforts to harm the entrepreneur and his company. He stated, “I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American.”

In response, Musk expressed gratitude to the president on his social media platform, X. Musk currently leads the Department of Government Efficiency (DOGE) under the Trump administration, focusing on reducing federal spending and workforce.

This initiative has caused protests and boycotts targeting Tesla, with incidents of vandalism reported at dealerships and charging stations.

Tesla’s market value has declined sharply, with shares dropping over 15% recently, influenced by Musk’s political involvement and its impact on consumer sentiment. Despite these challenges, Trump continues to voice strong support for Musk’s efforts to “Make America Great Again.”

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Trump says Tariffs Will Make Us Richer and Create More Jobs

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Former U.S. President Donald Trump has predicted that the country will become extremely wealthy through tariffs.

Trump stated that the U.S. is set to gain hundreds of billions of dollars from tariffs soon. He believes the move will encourage companies and factories to return to the U.S., creating more jobs.

Speaking with FOX Business’ Maria Bartiromo on Air Force One on Sunday evening, Trump responded to concerns about a possible recession. He admitted there’s always hesitation but remained confident about the benefits of the tariffs.

“All I know is we’re going to make hundreds of billions of dollars from tariffs, and we’ll become so rich you won’t even know where to spend it all,” Trump said. “Just watch — there will be more jobs and open factories. It’s going to be great.”

Trump has recently placed tariffs on key trade partners, including Canada, Mexico, and China, as part of his economic strategy.

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