President Bola Tinubu has welcomed the latest report from the National Bureau of Statistics (NBS) on Nigeria’s gross domestic product (GDP), saying it indicates the economy is on the right path to recovery.
Gatekeepers News reports that the NBS reported a 3.2% year-on-year growth in GDP for the second quarter of 2024, surpassing the 2.51% recorded in the same period last year.
In a statement, the presidency noted that the report confirms the economy’s positive trajectory, following a previous report showing declining food and headline inflation.
“As the President said in his August 4, 2024 national broadcast, our economy is recovering. Sooner than later, Nigerians will begin to feel, see, and enjoy the impact of his administration’s economic re-engineering efforts,” the statement read. 
President Tinubu urged Nigerians to maintain their faith in the government and ignore critics seeking to undermine ongoing reforms.
He expressed confidence in the policies put in place, citing the rise in crude production to 1.41 million barrels per day.
“We expect production to rise to about two million barrels very soon,” he said.
The NBS reported a nominal GDP of N60.93 trillion and a real GDP of N18.29 trillion for Q2 2024.
The presidency reiterated its commitment to building a solid and resilient economy, saying, “We want to reiterate that this government will continue to work assiduously to rekindle Nigerians’ hope and confidence.”
