Politics
PRESIDENT TINUBU WELCOMES THE REPORT ON NEW GDP GROWTH, ASSURES OF STRONGER ECONOMIC PERFORMANCE
President Tinubu has welcomed the latest report by the National Bureau of Statistics on the state of the economy, as the country’s Gross National Product (GDP) posted another growth.
According to NBS, the real GDP grew by 3.2% year on year in Q2, higher than the 2.51% recorded in the same period of 2023.
After another report on declining food and headline inflation, this latest report affirms that the economy is on the right trajectory and is indeed on the path to recovery.
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.
We want to reiterate that this government will continue to work assiduously to rekindle Nigerians’ hope and confidence. President Tinubu is working to build a solid and resilient economy.
President Tinubu urged Nigerians to retain their faith in the government and not allow themselves to be swayed by naysayers intent in aborting and undermining the current reforms for their selfish ends.
According to the NBS report, the growth rate in Q2 is higher than the 2.51% recorded in Q2 2023 and higher than the 2.98% growth in Q1 2024.
The GDP’s performance in the second quarter of 2024 was driven by the service sector, which recorded a growth of 3.79% and contributed 58.76% to the aggregate output.
The agriculture sector grew by 1.41% in contrast to the 1.50% recorded in the second quarter of 2023. The industrial sector’s growth was 3.53%, up from the -1.94% recorded in the second quarter of 2023.
The NBS also reported that crude production grew to 1.41 million barrels per day, compared with 1.22 million barrels a year earlier.
“We are confident that with the policies we have put in place, we expected production to rise to about two million barrels very soon,” President Tinubu said.
In terms of share of the GDP, the industry and services sectors contributed more to the aggregate GDP in the second quarter of 2024 compared to the corresponding quarter of 2023.
In the quarter under review, aggregate GDP at basic price stood at N60,930,000.58 million in nominal terms. This performance is higher than the second quarter of 2023, which recorded an aggregate GDP of N52,103,927.13 million, indicating a 16.94% year-on-year nominal growth.
Bayo Onanuga
Special Adviser to the President on Information & Strategy
August 26, 2024
Politics
Fubara To Contest Rivers Governorship Seat Under NDC
A Rivers State politician, Blessing Fubara, has declared his intention to contest the 2027 governorship election in Rivers State under the platform of the Nigeria Democratic Congress.
The politician has already obtained both the nomination and expression of interest forms needed to participate in the governorship race ahead of the 2027 election.
Blessing Fubara shares the same surname and local government area with the current Rivers State Governor, Siminalayi Fubara.
Both men are from Opobo/Nkoro Local Government Area. However, there has been no confirmation that they are family members.
The Chairman of the NDC in Rivers State, Success Jack, confirmed that Blessing Fubara is among those seeking the party’s governorship ticket.
He also stated that he could not confirm whether the governorship aspirant is related to Governor Siminalayi Fubara.
According to him, the party is preparing seriously for the 2027 general elections and hopes to win not only the governorship seat but other elective positions in Rivers State.
The development comes weeks after Blessing Fubara left the All Progressives Congress and joined the NDC.
Following his defection in Abuja, he was received by former Bayelsa State Governor, Seriake Dickson, alongside other leaders and members of the party.
After joining the NDC, Blessing Fubara said his decision was taken for the interest of Rivers people.
He also stated that the future of the state must be protected ahead of the next general election, expressing confidence that the state would experience positive changes after the 2027 polls.
Politics
Desmond Elliot Withdraws from APC Lagos Assembly Primaries, Cites Intimidation
Surulere I lawmaker Desmond Elliot has withdrawn from the All Progressives Congress Lagos House of Assembly primaries, citing intimidation across multiple zones.
In a viral video posted online, the lawmaker said he was stepping out of the race despite seeking re-election under the APC. He alleged that his supporters faced intimidation during the process in several parts of the constituency.
Elliot’s decision came as the primaries held across Lagos on Tuesday. Chief of Staff to the President Femi Gbajabiamila, who represents Surulere Federal Constituency, praised the conduct of the exercise in Surulere, describing it as peaceful.
The withdrawal narrows the contest for the APC ticket in Surulere I ahead of the 2027 general election. Party officials in Lagos have not yet responded to Elliot’s claims, and the APC state chapter has not announced whether the primary in the constituency will proceed with other aspirants.
Elliot has represented Surulere I in the Lagos State House of Assembly since 2015.
https://www.instagram.com/reel/DYkCaAiMxxt/?igsh=ZWw5czl6MHJhNnRy
Politics
Political Shockwave in Rivers as Fubara Pulls Out of APC Governorship Race, Backs Party’s Candidate
Rivers State Governor, Siminalayi Fubara, has officially withdrawn from the All Progressives Congress (APC) governorship primaries scheduled to take place on Thursday, a development that has stirred fresh political conversations across the state.
The governor announced his decision in a personally signed statement titled “My Decision to Withdraw from the Rivers State Gubernatorial Primaries,” which was released on Wednesday night.
In the statement, Fubara explained that his withdrawal followed wide consultations with political associates, stakeholders, and supporters. He stated that the decision was taken in the overall interest of peace, unity, and stability within the APC and Rivers State at large.
According to the governor, politics should not be allowed to divide the people or create unnecessary tension within the party. He stressed that preserving unity among party members and maintaining stability in the state remain more important than personal political ambition.
Fubara further pledged his total loyalty and support to whoever eventually emerges as the APC governorship candidate, assuring party faithful that he remains committed to the success and progress of the party ahead of the next general elections.
The Rivers governor also appreciated his supporters across the state for standing by him throughout the political process. He thanked party leaders, youth groups, women supporters, and political associates who had continued to show him solidarity and encouragement.
He urged his supporters not to see his withdrawal as the end of his political journey, but rather as a decision made in the collective interest of the party and the state. He also appealed to them to remain peaceful, united, and committed to the ideals of the APC.
Political observers have described the development as one of the biggest political surprises in Rivers State in recent times, especially considering the growing speculations and intense political alignments ahead of the governorship primaries.
Analysts believe the governor’s withdrawal may reshape the political calculations within the APC and influence the direction of the party’s governorship race moving forward.
The announcement has continued to generate mixed reactions from political stakeholders and residents across Rivers State. While some supporters described the move as strategic and mature, others expressed surprise over the governor’s sudden exit from the contest.
Several party faithful, however, commended Fubara for placing party unity and stability above personal ambition, noting that his decision may help reduce internal tensions and strengthen the APC ahead of the elections.
The development has also intensified attention on the remaining aspirants contesting for the APC governorship ticket, as consultations and political meetings continue ahead of the primary election.
Many observers believe the governor’s endorsement of the eventual APC candidate could play a major role in shaping the outcome of the party’s governorship battle and future political structure in the state.
As political activities continue to gather momentum in Rivers State, all eyes are now on the APC primaries and the next phase of political developments expected to unfold in the coming days.
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