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Tinubu: Nigerians Must Feel Economic Impact Before I Rest
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.
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.
The Federal Government has announced an extension of the NYSC programme. It can be noted that the NYSC camp orientation is usually for three weeks before the youths go out to gain experience, employment, and serve the country for one year.
However, the FG announced that the passing-out parade from camp will be cancelled, and corps members will now spend six weeks in camp instead of three weeks.
“The first two weeks speak to laying a foundation on civic responsibility. The next two weeks will look at career mapping, basic accounting literacy skills, business planning and access to finance. The final two weeks, we intend to have focused corps-stream-specific training aligned with the corps member’s designated stream based on his choice, academic background and skills profile.”
With the rainy season in Nigeria, many are wondering if the increase in flooding has now become the new normal. Lots of videos, clips, and complaints have literally flooded online, showing how badly roads, homes, and other places have been affected.
We were used to hearing about the rise of water on the Island since it is literally surrounded by water, but now floods are being spotted on the Mainland as well.
We may not know exactly why this is happening, but one thing is certain—we urgently need a lasting solution.
The federal government reacted to claims stating that the new tax rules will be imposed on telecommunications and petroleum products for Nigerians.
The FG released a statement to explain the process and stated that there is no intention to place taxes on telecom and petroleum products and services.
“Those recommendations do not amount to government policy and are not binding on Nigeria. Decisions on tax matters are taken through established constitutional and legislative processes and are guided by national priorities and prevailing economic realities.”
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