President Bola Ahmed Tinubu has revealed a groundbreaking strategy aimed at generating millions of employment opportunities and doubling Nigeria’s Gross Domestic Product (GDP) by leveraging the nation’s public assets. Speaking at the inaugural Public Wealth Management Conference in Abuja, he outlined a comprehensive plan to raise $10 billion to bolster foreign exchange liquidity and stabilize the Naira.
Tinubu, represented by Vice President Kashim Shettima, emphasized the identification, consolidation, and maximization of returns on government-owned assets worth trillions of naira as a pivotal focus. The president underscored the significant goal of doubling the GDP growth rate and expanding the GDP base over the next 8 years.
Acknowledging the historical mismanagement and underutilization of Nigeria’s assets, Tinubu highlighted the restructured Ministry of Finance Incorporated as a central player in asset management. Promoting transparency, accountability, and improved corporate governance, he emphasized the potential for increased returns through innovative partnerships and attracting alternative investment capital.
Tinubu emphasized the transformative impact of these enhanced returns on education, healthcare, housing, power, and infrastructure, aiming to lift millions out of poverty and drive sustainable economic development. He stressed that the initiative’s primary objective is to foster inclusive and sustainable growth, ultimately building a more equitable society and unleashing the full potential of Nigerian citizens.
