President Bola Tinubu has stated that the private sector is the biggest driver of Nigeria’s economy. He made this disclosure during Iftar on Thursday in Abuja with members of the Nigerian business community, affirming his administration’s commitment to enhancing private sector growth to increase economic opportunities and boost the job market.
In a similar vein, the President observed that the Nigerian economy is facing a pivotal moment, emphasizing the need for consistent private sector support to maintain growth and prosperity.
He asserted, “There is no driver of the economy that is bigger than the private sector. If the private sector is not flourishing, there is no growth, prosperity, employment, or development. No matter how flowery the speeches are, not even a mushroom will grow.
“Thank you for persevering. We are at a turning point in our economy. I do not have to do a quadratic equation to illustrate that. I just want to thank you for your endurance and perseverance.”
Recall that last month, Tinubu set up a Presidential Economic Coordination Council, PECC, comprising the Vice President, Kashim Shettima, 18 ministers, and prominent private sector figures, all in a bid to fashion out ways to revamp the economy for growth and prosperity.
