President Bola Ahmed Tinubu has announced plans to grow Nigeria’s economy from $450 million Gross Domestic Product to $1 trillion in eight years.
Temitope Ajayi, Senior Special Assistant to the President on Media and Publicity, said Tinubu disclosed this at Monday’s Federal Executive Council meeting in Abuja.
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According to him, the country targets GDP growth of 7 per cent from 3.5 per cent.
He noted that Tinubu’s government had initiated a roadmap to stimulate industrial growth, especially with Small and Medium Enterprises.
“With this new commitment to the real sector, the economy is expected to see a boost in job creation and a general increase in economic indices, especially GDP growth rates, projected to move from above 3.5 per cent from 2024 to 7 per cent.
“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”, he said.