President Bola Tinubu yesterday said Nigeria’s slow economic growth rate prompted his administration to embark on various reforms aimed at achieving sustainable and inclusive growth.
Speaking at the 54th Annual Accountants’ Conference, with ‘Governance Reimagined: Mapping the Future’ as theme, Tinubu emphasized that Nigeria’s reality is that it was not growing fast enough, and decades of underinvestment have hindered the economy’s potential.
Represented at the event by the Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, the president said his administration’s Renewed Hope Agenda is designed to address this reality, adding that his strategy involved making necessary choices to stop the decline and put the country on a path to higher, sustainable, and inclusive growth.
Tinubu highlighted the progress made so far, citing positive gross domestic product (GDP) growth in the first and second quarters of 2024, decreasing inflation and a stabilizing foreign exchange market, saying these indicators demonstrate that the reforms are yielding encouraging results.
