President Bola Tinubu has emphasized the pivotal role of the private sector in driving Nigeria’s economic transformation and prosperity. Speaking during Iftar on Thursday in Abuja with members of the Nigerian business community, President Tinubu expressed gratitude for their support and pledged to foster closer collaboration.
Acknowledging the indispensable contribution of the private sector to economic growth, President Tinubu stated, “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 or development.”
Reflecting on his visit to the New York Stock Exchange in 2023, President Tinubu highlighted Nigeria’s determination to achieve economic self-reliance. He emphasized Nigeria’s potential to drive its own economic transformation and called on foreign investors to partner with the country in diversifying its economy.
Reaffirming his commitment to fulfilling his mandate as the President of Nigeria, President Tinubu emphasized, “I cannot afford to underperform as the elected President of the country because I campaigned for the job.” He expressed confidence in Nigeria’s ability to overcome challenges and succeed with the collective efforts of all stakeholders.
In response, industrialists, bank executives, and entrepreneurs pledged their unwavering support towards the success of the administration’s economic programs. Mr. Tony Elumelu, Chairman of Heirs Holdings, assured President Tinubu of the Organized Private Sector’s solid backing, expressing admiration for the President’s decisive leadership and passion for Nigeria’s development.
Air Peace CEO, Allen Onyema, commended President Tinubu for his efforts in improving the ease of doing business in Nigeria, citing the aviation sector as an example. Dr. Stella Okoli, founder of Emzor Pharmaceutical Company, urged the President to provide more support for the pharmaceutical industry to enhance self-sufficiency and self-financing.
President Tinubu concluded the gathering by expressing appreciation for the support and encouragement from the business community. He reiterated his commitment to fostering a conducive environment for businesses to thrive, emphasizing the importance of collaboration between the government and the private sector in achieving sustainable economic growth and development.
The engagement between President Tinubu and the Nigerian business community underscores the critical role of partnership and collaboration in driving Nigeria’s economic agenda forward, paving the way for increased investment, innovation, and prosperity for all citizens.
