In a recent interview, the Executive Chairman of Ikorodu Local Government, Hon. Wasiu Adesina has urged residents of Ikorodu and the wider Lagos state to refrain from participating in protests.
Adesina, who was honoured with an international executive leadership award and acclaimed as an AFRICAN HERO, emphasized the significant progress Nigeria is making toward recovery and stability.
According to the council boss, Nigeria’s current trajectory is marked by substantial improvements and a growing sense of stability, suggesting that the nation is well-positioned for continued advancement and prosperity.
He asserted that Lagosians are largely satisfied with the current administration under President Bola Ahmed Tinubu and the Lagos State Governor, Mr Babajide Olusola Sanwo-Olu.
Adesina explained that, according to the National Bureau of Statistics, Nigeria’s GDP grew by 2.98% year-on-year in the first quarter of 2024. This represents an increase from 2.31% in Q1 2023 but a decrease from 3.46% in Q4 2023.
The services sector was the primary driver of this growth, with a 4.32% increase, contributing 58.04% to the GDP. The agriculture sector experienced a modest growth of 0.18%, a recovery from a -0.90% decline in Q1 2023, while the industry sector grew by 2.19%, up from 0.31% in Q1 2023. The services sector’s contribution to the GDP was significantly higher in Q1 2024 compared to the same period in 2023.
The assessment indicates growth in Nigeria’s economy. The GDP growth of 2.98% year-on-year in Q1 2024 represents an increase from the 2.31% recorded in Q1 2023. Although it is a decrease from the 3.46% growth in Q4 2023, the overall trend is positive. The services sector’s 4.32% growth and its substantial contribution to the GDP highlight a significant area of economic expansion. Additionally, the modest recovery in the agriculture sector and improved performance in the industry sector further support the overall growth narrative.
“In a nutshell, the assessment commended the government’s policies for their potential to significantly enhance the country’s GDP and foster a more robust economic environment.”
“This evaluation demonstrates the administration’s commitment to addressing key economic challenges and driving sustainable development,” he said.
In conclusion, Adesina noted that such assessments reflect confidence in the administration’s ability to guide Nigeria towards a prosperous future and reinforce the importance of giving the leadership the time needed to realize these positive outcomes.
“This positive assessment suggests that President Tinubu’s administration deserves more time to further develop and advance the nation.”
“We firmly believe that the prevailing sentiment within Lagos reflects the ongoing progress and potential of the current leadership to advance Nigeria,” Adesina added.
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