In his essay, “From reforms to delivery: Our infrastructure investment and growth strategy,” he argued that the real issue is not how much Nigeria borrows, but what the country builds with it.
Tinubu listed the Lagos–Calabar Coastal Highway, Sokoto–Badagry Superhighway, Trans‑Sahara Superhighway, electricity grid upgrades and port modernisation as projects designed to cut logistics costs, unlock industries and boost GDP.
The Lagos–Calabar corridor alone is projected to reduce logistics costs by 15–20%, add up to 2% to GDP, and create more than 250,000 jobs.
He said reforms since 2023, including subsidy removal, exchange‑rate unification and tax changes , have strengthened Nigeria’s economic indicators, with GDP growth at 4.43%, inflation down to 14.63%, and external reserves rising to $55.1 billion.
Tinubu insisted Nigeria cannot build a $1 trillion economy with outdated infrastructure, stressing that borrowing is now focused on productive, long‑term investments. He outlined five priorities for the next phase: food and energy stability, fiscal discipline, completion of high‑impact projects, regulatory efficiency and targeted household support.
He said success will be measured by completed projects, increased investment, job creation and improved living standards, not by the size of the loans.
Tinubu listed the Lagos–Calabar Coastal Highway, Sokoto–Badagry Superhighway, Trans‑Sahara Superhighway, electricity grid upgrades and port modernisation as projects designed to cut logistics costs, unlock industries and boost GDP.
The Lagos–Calabar corridor alone is projected to reduce logistics costs by 15–20%, add up to 2% to GDP, and create more than 250,000 jobs.
He said reforms since 2023, including subsidy removal, exchange‑rate unification and tax changes , have strengthened Nigeria’s economic indicators, with GDP growth at 4.43%, inflation down to 14.63%, and external reserves rising to $55.1 billion.
Tinubu insisted Nigeria cannot build a $1 trillion economy with outdated infrastructure, stressing that borrowing is now focused on productive, long‑term investments. He outlined five priorities for the next phase: food and energy stability, fiscal discipline, completion of high‑impact projects, regulatory efficiency and targeted household support.
He said success will be measured by completed projects, increased investment, job creation and improved living standards, not by the size of the loans.
How far with we the former future generations? 😙
ReplyDeleteNaso Una they talk.
ReplyDeleteWho will pay for the loans?
ReplyDeleteSame question I have asked and how do they intend paying back?
DeleteThe future generations
DeleteAfter e don die abi?
ReplyDeleteWhich future are they talking about. Work with the present generation oga
ReplyDeleteWhere are they? Baba werè!
ReplyDeleteAdura a gba
ReplyDelete