- Agency Report
The Tinubu Media Support Group (TMSG) has attributed the 3.46 per cent growth in Nigeria’s GDP in the third quarter to the efficacy of President Bola Tinubu’s economic reforms/policies.
TMSG Chairman, Mr Emeka Nwankpa, made this known in a statement on Tuesday in Abuja.
Nwankpa said that the figure was a reflection of progressive economic growth since the beginning of 2024.
He said the group was excited by the latest GDP data released by the National Bureau of Statistics (NBS), which showed that that the country’s economy grew by 3.46 per cent in the third quarter of 2024.
He said that the released data was 0.27 per cent more than the 3.19 per cent recorded in the second quarter of the year, and 0.48 per cent more than 2.98 per cent in the first quarter of 2024.
The chairman said that the data was nearly one per cent more than the 2.54 per cent GDP figure of the same period in year 2023.
“This, for us, is a reflection that the economic policies of the Tinubu’s administration are beginning to yield fruitful dividends.
“As it was in previous quarters, the services sector was the primary driver of growth, contributing 53.58.per cent to the GDP.
“It grew by 5.19 per cent higher than the 3.99 per cent recorded in third quarter of 2023, in what is the largest year-on-year improvement among all the broad sectors.
“We recognise this as a notable development in the Tinubu era, just as the entire non oil sector contributed 94.43 per cent compared to 5.57 per cent from the oil sector in third quarter of 2024,” he said.
Nwankpa said that the GDP growth rate was an indication that Tinubu was building a more resilient and time tested economy. NAN