The Presidency says President Bola Tinubu is working to build a solid and resilient economy, as he welcomes the latest report by the National Bureau of Statistics (NBS), which shows that the Gross Domestic Product (GDP) grew by 3.19% in the second quarter of 2024, higher than the 2.51% recorded in the same period of 2023.
The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, who made this known in a statement, reiterated the President’s appeal on “the need for Nigerians to retain their faith in the government and not to allow themselves to be swayed by naysayers intent in aborting and undermining the current reforms for their selfish ends.”
Further speaking on the GDP report which is coming on the heels of declining food and headline inflation Statistics, Mr Onanuga stated that the NBS report further affirmed that the Nigerian economy is on the right trajectory and on the path to recovery, as the President said in his August 4, 2024 national broadcast.
According to the NBS report, the growth rate in the second quarter of 2024 is higher than the 2.51% recorded in Q2 2023 and higher than the 2.98% growth in Q1 2024, largely driven by the service sector.
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