Nigeria’s President Bola Ahmed Tinubu has revealed his ambitions to increase the country’s GDP from its current level of $450 million to one trillion dollars within the next eight years.
According to Temitope Ajayi, who serves as the Senior Special Assistant to the President on Media and Publicity, Tinubu revealed this information during a meeting of the Federal Executive Council that took place on Monday in Abuja.
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According to him, the nation plans to increase its gross domestic product growth to 7% from the current rate of 3.5%.
He mentioned that the government of Tinubu has started a plan to boost industrial growth, particularly with Small and Medium Enterprises (SME).
“With this new commitment to the real sector, it is envisaged that the economy would witness a jump in job creation as well as a general increase in economic indicators, particularly GDP growth rates, which are projected to shift from above 3.5 percent from 2024 to 7 percent.
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“In the next eight years, President Tinubu has set the goal of expanding our economy to a GDP of one trillion dollars, up from its current level of 450 billion dollars.
“In order to make this a reality, the government developed a road map to stimulate industrial growth, particularly fostering the expansion of small and medium-sized businesses and reviving the entire industrial sector,”
He explained.
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