29th NESG: President Tinubu says $1 Trillion economy is possible in 2026
...charges private sector operators to redouble efforts
…promises new, affordable houses at record pace
…says government not blind to challenges in financial markets
President Bola Ahmed Tinubu has charged private sector operators to and captains of industries to be more committed and redouble their efforts in working with the federal government to revamp the dwindling economic fortune of the country.
The president made the call while declaring open the 29th Nigerian Economic Summit Group at the Transcorp Hilton Hotel in Abuja on Monday
He expressed confidence that working closely with the private sector, the $3 trillion national infrastructure target by the country, could be achieved within a decade
“I will like to charge the captains of industry present here to commit yourselves and redouble your efforts to our vision of a renewed hope
“Go much further than you have done before, bring your ideas, bring your leadership, be highly inquisitive and bring your capital, bring collective will of your large conglomerates, my government is prepared. I hope you are?
“I am confident that by working closely with all of you in the private sector, the $3 trillion national infrastructure stuff can be achieved in ten years and not in 300 years. ”
He averred that the government has commenced an aggressive domestic and external mobilisation of financial resources from a wide range of partners among several initiatives at the same time with other policies.
“We are progressing forward with development of wide range reforms to our fiscal policies to ensure friendly fiscal environment.
“You have heard about the 43 items, there must be a clear line between monetary policy and fiscal policy
Tinubu assured that the students’ loan would commence in January, 2024 saying the era of strike actions in higher institutions of learning has come to an end
“By January, 2024, the new students loan must commence for the future of our students and children, we are saying no more strikes.
“There must be consumer credit, the scheme will come to effect as soon as possible
“I thank my team to be ble to make this possible, I expect my team to build this program.”
On housing scheme, the president stated that new and affordable homes will be built at a record pace.
“We gave all felt the pains of these reforms, soon we shall all start to reap the rewards
“It is my hope that this summit will deliberate and proffer more solutions to complement the programs mentioned above to mobilise finance for sustainable development.”
“My government is not blind to the challenges several of you are facing in the financial market and I can always this line of concern by revealing that we have good line of sight for the additional foreign exchange liquidity that is required to restore market confidence and we are going to do that.
“Ladies and gentlemen, the one trillion dollar economy is possible by year 2026 and the 3 trillion dollars economy is possible within this decade
“We can do it with just two digits inclusive and competitive growth, this is our agenda, ” he submitted.
