May 28, 2024

President Tinubu targets higher GDP growth, reduction in unemployment

The Nigerian President, Bola Ahmed Tinubu, has unveiled his plans for the the country’s economy.

The president disclosed this in his speech on Monday May 29, 2023.

“On the economy, we target a higher GDP growth and to significantly reduce unemployment,” President Tinubu said.

He added that the plans will be accomplished the by taking some certain steps.

The speech reads;

“First, budgetary reform stimulating the economy without engendering inflation will be instituted.

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“Second, industrial policy will utilize the full range of fiscal measures to promote domestic manufacturing and lessen import dependency.

“Third, electricity will become more accessible and affordable to businesses and homes alike. Power generation should nearly double and transmission and distribution networks improved. We will encourage states to develop local sources as well.

“I have a message for our investors, local and foreign: our government shall review all their complaints about multiple taxation and various anti-investment inhibitions.

“We shall ensure that investors and foreign businesses repatriate their hard earned dividends and profits home.”

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