Tuesday, November 26, 2024 -President Bola Ahmed Tinubu has assured Nigerians that he won't rest until the impact of his economic policies is felt.
He stated this following the newly released third quarter Gross Domestic
Product (GDP) report by the National Bureau of Statistics that states that
Nigeria’s GDP grew by 3.46 per cent, compared to the 3.19 per cent growth
recorded in the second quarter.
In a statement issued by his Special Adviser on Media and Public
Communications, Sunday Dare, the President 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.”
“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.”
the statement reads in part.
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