Tinubu Hails 3.46% GDP Growth, Promises Nigerians ‘Will Soon Experience Economic Gains’
President Bola Tinubu has responded to the latest report from the National Bureau of Statistics (NBS), highlighting a 3.46% growth in Nigeria’s Gross Domestic Product (GDP) for the third quarter of 2024. He described the growth as a sign of economic recovery driven by the reforms introduced by his administration.
According to the NBS report, the GDP growth rate for Q3 2024 exceeded the 2.54% recorded in the same period last year, reflecting a significant improvement in economic performance.
In a statement, President Tinubu expressed optimism about the results while acknowledging the work that remains to be done. “I am pleased with the latest report from the National Bureau of Statistics, which shows that our economy grew in the third quarter beyond last quarter’s performance and even surpassed projected estimates. This is an encouraging sign of progress, but it also underscores the need for sustained efforts. We will not rest until Nigerians feel the positive impacts in their daily lives and enjoy an improved standard of living. My administration is fully committed to the welfare and prosperity of our people,” he said.
The statement also highlighted the top contributing sectors to the GDP during the quarter. Agriculture led with 28.65%, followed by Information and Communication Technology (ICT) at 16.35%, Trade at 14.78%, Manufacturing at 8.21%, Crude Oil at 5.57%, Finance and Insurance at 5.51%, and Real Estate at 5.43%.
President Tinubu reiterated his administration’s dedication to driving inclusive economic growth that benefits all Nigerians.
