President Bola Tinubu has said his administration’s Renewed Hope Agenda can leverage Nigeria’s population and resources to build a trillion-dollar economy within the next decade.
The President noted that achieving the ambitious goal of creating a trillion-dollar economy in ten years can be further facilitated by ongoing efforts on job creation, access to capital for SMEs, inclusiveness, the rule of law and the fight against hunger, poverty and corruption.
President Tinubu made this declaration during the opening session of the 2023 National Engineering Conference, Exhibition and Annual General Meeting of the Nigerian Society of Engineers (NSE) in Abuja on Tuesday.
Vice President Kashim Shettima, who represented the President at the event, maintained that Nigeria’s rich population and resources can transform the economy to be worth a trillion dollars within the next decade.
While acknowledging the hard times most Nigerians are currently experiencing, the President noted that “the difficult times are indeed temporary, but the benefits will be permanent.”
The President highlighted his administration’s efforts in transforming the economy and creating opportunities for citizens, saying:
The President further explained that his administration seeks to increase the country’s tax revenues while reducing the burden on individuals and businesses at the same time.
On access to capital, President Tinubu said he ordered the creation of several targeted financing interventions, including the new single-digit interest-rate fund to provide 75 billion to support manufacturing enterprises.
