President Bola Tinubu on Monday said Nigeria is on track to becoming a $1 trillion economy by 2030.
The president said this while reacting to the third-quarter report by the National Bureau of Statistics (NBS) which showed that Nigeria’s Gross Domestic Product grew by 3.46 per cent, compared to the 3.19 per cent growth recorded in the second quarter.
Special Adviser on Media and Public Communications to the president, Sunday Dare, revealed this in a statement titled, ‘President Tinubu assures of greater economic output, welcomes third quarter GDP growth figure.’
“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,” he said.
While assuring Nigerians of better economic output, Tinubu said the 3.46 per cent 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 $1tn 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,” Dare said.
The NBS said 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.
“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 president was quoted to have said.
