Nigeria’s Economy Reaches Crucial Juncture, Private Sector Vital for Growth – Tinubu

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President Bola Tinubu has emphasized that Nigeria’s economic is at a critical juncture, highlighting the imperative of private-sector collaboration for sustained growth and prosperity, during a recent Iftar gathering with business leaders in Abuja.

Tinubu expressed gratitude to the Nigerian business community for their ongoing support and commitment to increased engagement, stating, “I would have summoned you before now, not during Ramadan because you are a very valuable part of my constituency.”

In a statement shared on X by the Nigerian Television Authority (NTA) on April 5, Tinubu emphasized, “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, no prosperity, no employment, and no development. No matter how flowery the speeches are, not even a mushroom will grow.”

Acknowledging the perseverance of businesses, Tinubu underscored, “Thank you for persevering. We are at a turning point in our economy. I do not have to do a quadratic equation to illustrate all of that to you. I just want to thank you for your endurance and perseverance.”

The interactive session highlighted the vital role the private sector plays in Nigeria’s economic landscape, with Tinubu’s call for continued collaboration resonating among industry stakeholders.

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