President Bola Ahmed Tinubu has outlined plans to generate millions of jobs and double Nigeria’s Gross Domestic Product (GDP) by leveraging the country’s extensive public assets.
Speaking at the inaugural Public Wealth Management Conference in Abuja, themed “Championing Nigeria’s Economic Prosperity,” Tinubu, represented by Vice President Kashim Shettima, emphasized the need for economic revitalization as a top priority.
Highlighting the aim to raise at least $10 billion to bolster foreign exchange liquidity and stabilize the Naira, Tinubu underscored the importance of optimal management of government-owned assets to unlock their revenue potential.
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He acknowledged that decades of mismanagement have hindered economic growth, emphasizing the role of the restructured Ministry of Finance Incorporated in acting as custodian and active manager of these assets.
Tinubu stressed transparency, accountability, and improved corporate governance as essential principles in maximizing returns.
He highlighted the reinvestment of these returns into critical sectors such as education, healthcare, housing, and infrastructure to stimulate sustainable economic development and job creation.Emphasizing the initiative’s goal of creating inclusive and sustainable growth, Tinubu asserted that efficient public resource management aims to build a more equitable society and unleash the full potential of Nigeria’s citizens.
