President Bola Tinubu of Nigeria has reaffirmed his unwavering commitment to ensuring that Nigerians experience the tangible benefits of his economic policies.
Following the release of the third quarter Gross Domestic Product (GDP) report by the National Bureau of Statistics, which showed a growth of 3.46% compared to the previous quarter's 3.19%, Tinubu expressed both excitement and determination. "I won’t rest until Nigerians feel the positive impacts in their pockets and experience a better living standard," he declared.
The President, through his Special Adviser on Media and Public Communications, Sunday Dare, emphasized the administration's focus on shared prosperity and tax reform. He noted that the economy is set to be rebased by early 2025 to capture its dynamism and reflect changes across various sectors.
This rebasing is anticipated to pave the way for broader economic gains nationwide.
Tinubu highlighted the ongoing reforms aimed at repositioning the economy and improving fiscal management, which are beginning to yield results.
The proposed tax reforms are particularly noteworthy, as they aim to reduce the tax burden on small businesses and promote equity by addressing the "headquarters effect," where states with company headquarters receive disproportionate benefits.
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