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.
News
“You Can Still Have Subsidy Without Long Queues” — Rufai Oseni Speaks On Subsidy
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
News
Sanwo-Olu Speaks on Lagos’ Power Challenges and the Need for Change
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
News
Sanwo-Olu Declares August 20 Public Holiday in Lagos for Isese Festival
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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