President Bola Tinubu has the private sector is the biggest driver of Nigeria’s economy.
The President disclosed this during Iftar on Thursday in Abuja with members of the Nigerian business community.
He said his administration is committed to enhancing the growth of the private sector, which will, in turn, increase economic opportunities in the country.
Moreover, Tinubu observed that the Nigerian economy is facing a pivotal moment, emphasizing the need for consistent private sector support to maintain growth and prosperity.
“I would have summoned you before now, not during Ramadan because you are a precious part of my constituency.
“There is no driver of the economy that is bigger than the private sector. If the private sector is not flourishing, there is no growth, prosperity, employment, or development. No matter how flowery the speeches are, not even a mushroom will grow.
“Thank you for persevering. We are at a turning point in our economy. I do not have to do a quadratic equation to illustrate that. I just want to thank you for your endurance and perseverance,” the President said.
Recall that last month, Tinubu set up a Presidential Economic Coordination Council, PECC, comprising the Vice President, Kashim Shettima, 18 ministers and prominent private sector figures.
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