President Bola Ahmed Tinubu of Nigeria has unveiled an economic growth plan that seeks to triple the country’s Gross Domestic Product (GDP) from $450 billion to $1 trillion within the span of eight years.
This announcement was made by Temitope Ajayi, the Senior Special Assistant to the President on Media and Publicity, as revealed during a Federal Executive Council meeting in Abuja on Monday.
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 stated.