President Tinubu Seeks Collaborative Action to Drive Economic Growth

President Bola Tinubu has called for increased cooperation among government agencies, the private sector and international partners to boost economic growth, enhance competitiveness, and maintain stability in the country.

This is coming on the heels of emerging positive economic indicators, suggesting that recent reforms by the administration are beginning to yield results.

Speaking on Monday during the 30th conference of the Nigerian Economic Summit Group organized by the Economic Summit Group (NESG) and the Ministry of Budget and Economic Planning, President Tinubu outlined his administration’s Renewed Hope Agenda, designed to create an environment that fosters sustainable economic growth and shared prosperity.

“As a nation, we must prioritise economic diversification,” President Tinubu stated, reaffirming his administration’s commitment to focus on sectors that can offer inclusive and sustainable growth, such as agriculture, manufacturing, and the digital economy.

The President, who was represented by Vice President Kashim Shettima, addressed key economic challenges, detailing ongoing efforts to improve infrastructure, streamline regulations, and enhance the ease of doing business in Nigeria.

“We are currently completing key infrastructure projects such as roads, railways, and power plants that will enhance connectivity and productivity. We are harmonizing regulatory processes to reduce the bureaucratic hurdles that have long stifled entrepreneurship and innovation,” the President noted.

President Tinubu also highlighted recent economic measures, including the removal of fuel subsidies and the unification of foreign exchange rates, as part of a broader strategy to stabilize the macroeconomic environment.

“These are all part of a broader effort to restore balance to the economy and ensure long-term stability,” he explained.

Inclusivity

Addressing the critical issue of economic inclusivity, President Tinubu said, “Our competitiveness is not just about improving our standing on global indices. It is about ensuring that the Nigerian economy is inclusive—where small and medium-sized enterprises can thrive alongside large corporations, and where every citizen, regardless of location or background, can benefit from economic opportunities.”

The President assured that “With the right policies, the right partnerships, and the right level of commitment, Nigeria can emerge stronger, more competitive, and more resilient than ever before.”

Dominica Nwabufo