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Nigeria eyes growth despite challenges, President Tinubu reassures investors

President Bola Tinubu is determined to steer Nigeria through economic headwinds, emphasising his unwavering commitment to reforms and investments that support businesses and create opportunities for the growing population.

“We are right in the middle of a challenging stage of our reforms. We have headwinds, no doubt, but we are not going back,” he declared to a delegation from the Corporate Council on Africa (CCA).

High inflation, declining currency, and subdued growth paint a challenging picture for Nigeria, with poverty levels projected to rise. However, the President highlighted positive steps like recovering oil production and policy reforms aimed at boosting non-oil revenue and infrastructure development.

A recently landed submarine cable connecting southern Nigeria to Europe and Africa exemplifies the potential for progress, according to President Tinubu. “With the right policies, partnerships, and determination, Nigeria can overcome long-standing developmental challenges,” he stated.

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President Tinubu’s experience in governance and his longstanding ties with the CCA fuel his confidence. “I have a can-do attitude that must be translated into a must-do attitude,” he asserted, expressing his commitment to creating an enabling environment for businesses to thrive.

Investing in key sectors like agriculture, energy, and education remains a priority for the administration, driven by the desire to improve citizens’ welfare and prosperity. “We are going to do more on security and investing in education, as we believe that education is the greatest weapon against poverty,” he added.

The CCA echoes President Tinubu’s goals, with Ms. Florizelle Liser, head of the CCA delegation, pledging support for Nigeria’s economic growth through the outlined priority areas. She invited the President to participate in the upcoming US-Africa Business Summit, highlighting the potential for strengthened US-Nigeria partnerships.

Despite the challenges, President Tinubu’s message is one of determination and progress. He assures Nigeria is on a path to overcome its hurdles and achieve sustainable economic growth with the right partnerships and unwavering commitment.

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