President Bola Ahmed Tinubu has unveiled ambitious plans to propel Nigeria’s economy from its current Gross Domestic Product (GDP) of $450 billion to an impressive $1 trillion within the next eight years. The announcement was made during the Federal Executive Council meeting held on Monday in Abuja.
Temitope Ajayi, the Senior Special Assistant to the President on Media and Publicity, revealed that President Tinubu aims to achieve substantial GDP growth, targeting an increase from the current 3.5 percent to a robust 7 percent.
Under this visionary plan, President Tinubu’s administration will focus on various initiatives to stimulate industrial growth, with special emphasis on Small and Medium Enterprises (SMEs). These strategies are expected to drive job creation, bolster the overall economy, and boost GDP growth rates significantly.
“The ambition of President Tinubu is to grow our economy from the current $450 billion GDP to $1 trillion in the next eight years. To actualize this, the government devised a roadmap to stimulate industrial growth, especially catalyzing SMEs growth and reviving up the entire industrial sector,” stated Ajayi.
