Thursday, June 26, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
Home POLITICAL ARENA

TINUBU ASSURES OF GREATER ECONOMIC OUTPUT, WELCOMES THIRD QUARTER GDP GROWTH FIGURE

He assured that once the economy is rebased by early 2025 to capture its dynamism and record significant changes that have occurred in different sectors, the country will be on its way to shared prosperity.

Newsroom Nigeria by Newsroom Nigeria
November 25, 2024
in POLITICAL ARENA, Politics
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on Twitter

President Bola Tinubu has assured Nigerians of better economic output as the economy continues to expand following the newly released third quarter Gross Domestic Product report by the National Bureau of Statistics.

According to the NBS, Nigeria’s GDP grew by 3.46%, compared to the 3.19% growth recorded in the second quarter.

Related posts

Lagos Assembly Lauds Obasa’s Decade of Progressive Leadership, Proposes Legislative Institute t

Lagos Assembly Lauds Obasa’s Decade of Progressive Leadership, Proposes Legislative Institute t

June 25, 2025
ADEBAYO HELD ALOFT THE BANNER OF THE UPN, LED BY OBAFEMI AWOLOWO,  TINUBU PENS TRIBUTE TO A TRUE STATESMAN

ADEBAYO HELD ALOFT THE BANNER OF THE UPN, LED BY OBAFEMI AWOLOWO, TINUBU PENS TRIBUTE TO A TRUE STATESMAN

June 25, 2025

The growth in GDP shows that President Tinubu’s quest for a more robust boost in the economy and, by extension, a better standard of living for all Nigerians is on course.

The 3.46% growth indicates Nigeria is recovering from the reforms’ unintended effects.

President Tinubu said his administration has not and will never forget his promise of a $1 trillion economy by 2030. He assured that once the economy is rebased by early 2025 to capture its dynamism and record significant changes that have occurred in different sectors, the country will be on its way to shared prosperity.

The latest GDP growth in the third quarter is driven by key sectors such as Agriculture, Transport, Education, Health, Real Estate, Finance and Insurance, ICT, Trade, and Manufacturing.

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.

President Tinubu said, “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.”

The top contributing sectors to GDP in Q3 2024 are Agriculture 28.65%, ICT 16.35%, Trade 14.78%, Manufacturing 8.21%, Crude Oil 5.57%, Finance & Insurance 5.51% and Real Estate 5.43%.

 

ShareTweetSendShareShare
Previous Post

Our Partnership is Rooted in Mutual Respect and Shared Values

Next Post

IBEDC Intensifies Crackdown on Energy Theft, Partners with The Special Investigative and Prosecution Task Force 

Related Posts

Lagos Assembly Lauds Obasa’s Decade of Progressive Leadership, Proposes Legislative Institute t
POLITICAL ARENA

Lagos Assembly Lauds Obasa’s Decade of Progressive Leadership, Proposes Legislative Institute t

June 25, 2025
ADEBAYO HELD ALOFT THE BANNER OF THE UPN, LED BY OBAFEMI AWOLOWO,  TINUBU PENS TRIBUTE TO A TRUE STATESMAN
POLITICAL ARENA

ADEBAYO HELD ALOFT THE BANNER OF THE UPN, LED BY OBAFEMI AWOLOWO, TINUBU PENS TRIBUTE TO A TRUE STATESMAN

June 25, 2025
POLITICAL ARENA

SETTING THE RECORD STRAIGHT: PRESIDENCY HIGHLIGHTS TINUBU’S ROLE IN THE JUNE 12 STRUGGLE

June 22, 2025
POLITICAL ARENA

Viewpoint: President Tinubu and June 12, By Tunde Rahman

June 15, 2025
POLITICAL ARENA

June 12: Lagos Speaker Praises President Tinubu’s Achievements, Calls for Civic Engagement

June 12, 2025
POLITICAL ARENA

“APC WILL WELCOME WIKE THE DAY HE DECIDES TO JOIN”, SAYS TINUBU AT ROAD COMMISSIONING

June 11, 2025
Next Post

IBEDC Intensifies Crackdown on Energy Theft, Partners with The Special Investigative and Prosecution Task Force 

RECOMMENDED NEWS

TINUBU TO COMMISSION CRITICAL GAS INFRASTRUCTURE PROJECTS

1 year ago

GENCOS, FG BICKER AS BLACKOUT WORSENS NATIONWIDE

3 years ago

Alleged N110.4billion Fraud: Court Denies Yahaya Bello  Bail, Orders his Remand in Kuje Correctional Centre

7 months ago

WHY GOVERNMENT SHUT DOWN “GOCASH”, OTHERS

3 years ago

FOLLOW US

POPULAR NEWS

  • TAU Students Win Big   at National Innovation Challenge

    TAU Students Win Big   at National Innovation Challenge

    0 shares
    Share 0 Tweet 0
  • Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers

    0 shares
    Share 0 Tweet 0
  • ADEBAYO HELD ALOFT THE BANNER OF THE UPN, LED BY OBAFEMI AWOLOWO, TINUBU PENS TRIBUTE TO A TRUE STATESMAN

    0 shares
    Share 0 Tweet 0
  • TINUBU SIGNS  FOUR TAX BILLS INTO LAW TO TRANSFORM FISCAL, REVENUE FRAMEWORK

    0 shares
    Share 0 Tweet 0
  • INEC Receives Applications To Register Obidients People’s Party (OPP), 109 Other Political Parties Registration

    0 shares
    Share 0 Tweet 0
Newsroom Nigeria

This independent, liberal online news platform aims to inform citizens about important issues. NEWSROOM NIGERIA covers political, business, economic, national, and international news. They are committed to journalism ethics and hold the government accountable.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.