₦airaland Forum

Special Adviser, Media and Public Communication and Spokesperson to the President, Sunday Dare, has said the expansion of Nigeria’s Gross Domestic Product by 4.23 per cent in the second quarter of 2025 validates President Bola Tinubu’s reform programmes.

The National Bureau of Statistics, in its Q2 2025 GDP Report released on Monday, said the latest GDP shows the country’s economic growth rate is stronger than the 3.48% recorded in Q2 2024 and the 3.13% posted in Q1 2025.

Reacting in a statement on his X account on Monday, Dare said, “This latest NBS figure has again validated the viability of the reforms across sectors under President Bola Tinubu.”

The presidential aide framed the figures as early confirmation that policy measures introduced by the Tinubu administration are beginning to produce results.


He said, “The National Bureau of Statistics in the last report on economic output released today (Monday) for the second quarter (Q2) 2025 says the Gross Domestic Product (GDP) grew by 4.23 per cent.

“This latest NBS figure has again validated the viability of the reforms across sectors under President Bola Tinubu.”

NBS data showed that much of the improvement came from a stronger industry performance and gains in agriculture and services during the quarter.

It also attributed the figure to the effect of last quarter’s GDP rebasing.

PUNCH Online recalls that Nigeria’s public debt-to-GDP ratio dropped to 39.4 per cent in the first quarter of 2025 following the successful rebasing of the country’s Gross Domestic Product by the National Bureau of Statistics.

The rebasing exercise, which revised the GDP base year from 2010 to 2019, expanded the scope of economic measurement to capture sectors such as the digital economy, creative industries, fintech, and informal activities.

This adjustment significantly increased Nigeria’s nominal economic output and improved its debt sustainability indicators. As of March 31, 2025, Nigeria’s total public debt stood at N149.39 trillion, comprising N78.76 trillion in domestic borrowings and N70.63 trillion in external debt

helinues:
Abi. Things are progressing, Nigeria is developing.

Even though the reforms and policies came with some hardship, but things are getting shaped

fuckingAyaya:
So you now believe people are going through hardship? You go soon talk truth, those that praised Buhari for 8years here are you still seeing their comments?

Ofunaofu:
https://punchng.com/4-23-gdp-growth-validates-tinubus-reforms-presidency/

Igbek76:
If it's the other way round ?
If they say GDP don drop ..........all these anti Tinubu elements will believe the statistics and jump on it.
Hypocrites and tribal bigots.

ogolemati:
just keep watching a day will come when agbero union will just wake up and say agbero chairman created nigeria like he created Lagos State from the sea.you don't need Epistles to show us that you have improved people's life with your reform.it will show

DeLaRue:
Excellent!

The country is moving forward.

Take your cue from investors, not the doom mongers.

There is a rush to invest.

I know what I am saying.

Guestmale:
That laughing emoji is fake and hypocritical, bitterness and happiness doesn't go together.

Ofunaofu:
https://punchng.com/4-23-gdp-growth-validates-tinubus-reforms-presidency/