At Economic Summit, Tinubu Says the Nigerian Story is Being Rewritten.
Tinubu said rewriting the story of a nation that had performed below its potential for far too long was what the administration came into office to achieve: The president spoke in Abuja while formally declaring open the 32nd Nigerian Economic Summit (NES#32), with the theme, “Growth that Works: Delivering Jobs, Productivity and Shared Prosperity.” At the summit, Minister of Finance and Coordinating Minister of the Economy, Mr.
Taiwo Oyedele, presented the Nigerian Economic Policy Framework, which he described as a national economic doctrine establishing how Nigeria made economic decisions and measured real progress.
Oyedele said the blueprint aimed at curbing arbitrary policy changes.
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, ruled out a return to petrol subsidy, insisting that the Tinubu administration will sustain its economic reforms, despite mounting pressure on households and businesses. Bagudu told the conference that reversing reforms would undermine efforts to address longstanding distortions. Governor of Anambra State, Professor Chukwuma Charles Soludo, said lack of local patronage of Made-in-Nigeria products had robbed the country of 10 million potential jobs, adding that everyone has a role to play in boosting growth. Soludo said the economy needed between seven and nine per cent annual growth rate to address multidimensional poverty.
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