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President Bola Tinubu says the economic challenge Nigeria finds itself is not without silver lining but strong adherence to accountability and transparency in every way possible will restore the prosperity of the country.
President Tinubu said this while he hosted the members of the Board and Management of the Nigeria Economic Summit Group led by the Chairman Board of Directors, Olaniyi Yusuf.
He said; “Nigeria has gone through the past and we don’t look back, my hope and racing are forward-looking. When you look at the country you see how blessed we are in human resources and capital resources.
“There are so many opportunities that we can turn into prosperity, we have mineral resources undeveloped to galvanize our economy, we have an agriculture sector that is God-given, we are not even exploiting our diversity for prosperity.”
President Tinubu said that looking backward in striving to reinstate the economy of the country is retrogressive.
He said; “Looking backward is retrogressive for any reason Looking forward can leave you on a leap that will propel you in the right direction.
“It is important to note that Economic Reforms in Nigeria can only be driven by serious collaboration between the private sector and the public sector.”
The Nigerian President reiterated his commitment to building the path of greater future for Nigeria saying “The Renewed Hope Agenda is an obligation that he will not be reluctant to pursue
“To build the path of tomorrow for Nigeria, the Renewed Hope Agenda is a commitment that we will not shy away from. When hope is gone, every other thing is out, but as long as we have this hope, we believe in ourselves, and collaborate with others.”
On the vision of President Bola Tinubu and his Eight-point Agenda, the Minister of Finance, Mr. Olawale Edun said that President Tinubu is committed to growing Nigeria’s economy by creating a conducive environment for the private sector investment that would increase productivity, create jobs and significantly eliminate debt by ultimately attempt elimination of poverty in Nigeria.
Edun emphasised that the key requirement for private sector investment in micro-economies includes microeconomy security.
The Minister of Finance added that the Nigerian President has already set the country on the path of economic stability.
Also at the meeting, the Minister of Budget and National Planning, Abubakar Bagudu, stated that the current administration believes that the ingredients for a double-digit economy are ideas of President Bola Tinubu, despite the current challenges facing the country.
Bagudu called for more suggestions that would complement the eight-point agenda of President Tinubu, to expand the strategies of the administration of the President to achieve double-digit growth.
He thereafter offered the commitment of the Nigerian government to the Nigeria Economic Summit Group towards remarkable success.
The Chairman Board of Directors of NESG, Olaniyi Yusuf commended President Tinubu for what he described as bold steps.
He specifically applauded the reform in the Nigerian Oil sector saying “the removal of fuel subsidy will hopefully now allow the state and the Nigerian governments to invest in the critical sectors of the economy.”
Yusuf expressed satisfaction with the President’s reforms in harmonising the forex rate while also acknowledging the various steps of President Tinubu’s administration around food security and the distribution of palliatives across the states.
The Nigerian Vice President Kashim Shettima was also present at the meeting.