Speaking during the unveiling of his comprehensive economic plan and outlining the country’s fiscal priorities and economic direction, he highlighted public-private partnerships (PPPs) as a critical tool to close Nigeria’s $100 billion annual infrastructure investment gap.
He added that landmark projects will be developed under PPP frameworks, reducing travel time and boosting productivity.
In the oil and gas sector, he stressed the importance of domestic refining, which he said will significantly reduce reliance on imports, strengthen energy security and enhance economic resilience.
Addressing fiscal policy reforms, he stressed the government’s drive to expand the tax base, streamline revenue collection and create a business-friendly tax system, noting that a balanced approach to taxation will encourage investment while ensuring adequate funding for national priorities.
Also promising fiscal discipline, revenue mobilisation and an improved investment climate, he highlighted a projected GDP growth of 4.6 per cent for 2025, with a long-term ambition of seven per cent annually. He further emphasised that macroeconomic stability remains a top priority, with FX stability, trade surplus and increased oil production positioning Nigeria as a stronger global player.
He reaffirmed the government’s dedication to economic transformation, driven by policies that foster growth, stability and private sector participation. Building on strategic reforms, he said,
Nigeria is poised to unlock new opportunities for prosperity, accelerate national development and secure a brighter future.
