President Bola Ahmed Tinubu says Nigeria shall be governed according to the rule of law and remodel the economy to enhance growth.
He made this know during his inaugural address on Monday May 29,2023 while speaking on the economy.
According to President Tinubu, “We will target a higher GDP growth and to significantly reduce unemployment.
We intend to accomplish this by taking the following steps: First, budgetary reform stimulating the economy without engendering inflation will be instituted.
Second, industrial policy will utilize the full range of fiscal measures to promote domestic manufacturing and lessen import dependency.
Third, electricity will become more accessible and affordable to businesses and homes alike. Power generation should nearly double and transmission and distribution networks improved. We will encourage states to develop local sources as well.
I have a message for our investors, local and foreign: our government shall review all their complaints about multiple taxation and various anti-investment inhibitions.
We shall ensure that investors and foreign businesses repatriate their hard earned dividends and profits.”