President Bola Tinubu Sets Ambitious Targets of $1 trillion Economy by 2026

By Mohammed Bello Doka

President Bola Tinubu has unveiled an ambitious plan to propel Nigeria's economy to new heights, aiming to reach $1 trillion by2026 and a staggering $3 trillion by the end of the decade in2030. The President made this announcement during his opening address at the29th edition of the Nigeria Economic Summit held in Abuja.

In his speech, President Tinubu expressed his unwavering belief in the country's potential for economic growth, stating, "A $1 trillion economy is possible by the year2026, and a $3 trillion economy is possible within this decade. We can do it." He urged the captains of industry present at the summit to embrace this vision and redouble their efforts towards achieving a renewed hope for Nigeria.

President Tinubu highlighted the significant progress already made in the country's economic development, citing double-digit inclusive and sustainable competitive growth. He emphasized the importance of commitment from both local and foreign investors to drive the economy forward.

The President's ambitious targets have sparked enthusiasm and optimism among industry leaders and stakeholders. However, achieving such monumental growth requires strategic planning, investment, and collaboration from all sectors of the economy.

One crucial aspect that President Tinubu addressed was the foreign exchange market. He assured investors and businesses that his administration would prioritize stability and create an enabling environment for foreign exchange transactions. This commitment aims to attract more foreign direct investment and foster economic growth.

While the President's vision sets a challenging path for Nigeria's economy, it also presents an opportunity for the nation to position itself as a global economic powerhouse. Achieving these targets would not only improve the lives of Nigerians but also solidify the country's position on the international stage.

As the nation moves forward, it is essential for all stakeholders to rally behind President Tinubu's vision and work collectively towards the common goal of a thriving and prosperous Nigerian economy.

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