- Vice President Kashim Shettima announced Nigeria’s GDP grew by 2.98% in Q1 2024, primarily driven by a 4.32% expansion in services
- Shettima emphasized the government’s commitment to creating an enabling environment for local and foreign businesses to enhance economic recovery
Vice President Kashim Shettima has assured Nigerians that the country is on economic recovery.
Speaking on Friday at the 2024 Commercial and Industrial Trade Fair in Lagos, Shettima highlighted that Nigeria’s Gross Domestic Product (GDP) grew by 2.98% year-on-year in real terms during the first quarter of 2024.
He attributed this growth primarily to the services sector, which expanded by 4.32% and contributed 58.04% to the nation’s GDP.
Dr. Marian Tomitope Marshall, his Special Assistant on Regional Development, represented the vice president at the event and emphasized the significance of President Bola Ahmed Tinubu’s economic policies in driving growth and stability.
Shettima urged trade fair participants to leverage the platform to foster partnerships and boost economic development further.
He reiterated that President Tinubu’s Renewed Hope agenda is designed to guide Nigeria toward sustainable development and shared prosperity.
The Vice President also reassured stakeholders of the government’s commitment to enabling local and foreign businesses to thrive.
Commending the Director/CEO of the Lagos State Trade Fair Complex, Barrister Veronica Ndanusa, Shettima praised her leadership and efforts in organizing the event.
Your dedication to reviving this platform demonstrates your commitment to driving economic growth and fostering development within Nigeria and beyond, he said.
The trade fair, an essential platform for economic engagement, comes at a critical time in the nation’s recovery efforts. It will serve as a catalyst for investments and innovations that could shape Nigeria’s economic future.
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