News
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 Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has spoken on Nigeria’s economy, stating that the country lacks a good maintenance culture.
She said “The fact is that endowments alone do not add value. Budgetary allocations alone do not lead to new roads or good maintenance.”
“We lack a maintenance culture in the country. I have to say that. I’m Nigerian, but we need that. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation.”
Politician and former presidential candidate Peter Obi speaks on President Bola Tinubu’s comments regarding the rising hunger and worsening economic situation in Nigeria.
It can be noted that the President recently stated that hunger has always existed in Nigeria.
Peter Obi responded “I watched with deep concern the statement made by President Bola Tinubu to the Catholic Bishops, that there has always been hunger in Nigeria, even before he was born.”
“While it is true that hunger has been a part of human life and has existed in our country for decades, such a statement appears insensitive to the plight of the millions of Nigerians who face worsening economic hardship today.”
Reports have been shared stating that the Nigerian Army has launched a new programme designed to train and improve the skills of engineers in tackling threats posed by Improvised Explosive Devices (IEDs).
The seminar is being organised by the 41 Engineer Brigade of the 1 Division Nigerian Army.
It was stated “Improvised Explosive Devices have become one of the greatest security threats confronting the Nigerian Army in ongoing counter-insurgency operations. Their widespread use has complicated military operations and humanitarian activities in conflict-affected areas.”
Demi Lovato Reunites With the Jonas Brothers for Camp Rock 3
Mika Abdalla and Josh Heuston Spark Reactions With PDA in Vancouver
Tonto Dikeh Launches New Wine Prophetic Tabernacle in Abuja
-
Entertainment13 hours agoShawn Mendes Hard Launches Relationship With Bruna Marquezine
-
Entertainment10 hours agoTonto Dikeh Launches New Wine Prophetic Tabernacle in Abuja
-
Entertainment10 hours agoMika Abdalla and Josh Heuston Spark Reactions With PDA in Vancouver
-
Entertainment11 hours agoAY Speaks on 2Baba’s Marriage and Hints at Possible Split
-
Entertainment11 hours agoPriscilla Ojo Claps Back at Fans Telling Her to Free Juma Jux
-
Entertainment9 hours agoDemi Lovato Reunites With the Jonas Brothers for Camp Rock 3