We won’t rest until Nigerians feel the impacts of the economy in their pockets – President Tinubu

President Bola Tinubu has reaffirmed his commitment to driving impactful economic policies until Nigerians experience tangible benefits.

This assurance came in response to the recently released third-quarter Gross Domestic Product (GDP) report by the National Bureau of Statistics, which shows Nigeria’s GDP grew by 3.46%, an improvement from the 3.19% growth in the second quarter.

In a statement issued by his Special Adviser on Media and Public Communications, Sunday Dare, Tinubu expressed optimism about the country’s economic trajectory. He noted that with plans to rebase the economy by early 2025 to reflect the significant changes across various sectors, Nigeria is on course for shared prosperity.

The statement reads in part; “I am excited by the latest report from the National Bureau of Statistics that our economy grew in the third quarter more than last quarter and even beyond projected estimates. While I welcome this development, the latest figure also shows the much work that needs to be done.

We won’t rest until Nigerians feel the positive impacts in their pockets and experience a better living standard. My administration remains committed to the welfare of our people.

This performance once again shows that the reforms embarked upon by the Tinubu administration to reposition the economy and ensure better fiscal management are beginning to yield fruits.

The proposed tax reforms also indicate the administration’s resolve to reduce the tax burden on small businesses and spread prosperity to the poor. The new Tax regime seeks to promote equity by reducing what is known as the headquarters effect – a situation where states, where company headquarters are based, get more benefits because their taxes for the whole nation are remitted – in favour of spatial and demographic equity.”