Reviving the economy: Tinubu unveils N2tn stabilization plan

has unveiled a N2 trillion accelerated stabilization and advancement plan targeting the revival of the economy in the short term.

“We have a challenge thrown at us and all of us will have to be careful. I believe today is America’s 158th of their independence while we are celebrating our 25 years of progress in democracy. We have to look back at how we have navigated ourselves and look forward to better economic navigation”, Tinubu said.

“As a nation, it is so shameful that we have about 4.5 gigawatts, we must increase our oil production too to 2 million barrels per day within the next few months, remove all barriers hindering investments into the sector to enhance competitiveness. We’ve had a challenge thrown at us and all of us will have to be careful”, the President said.

Expressing his gratitude to private sector leaders like Aliko Dangote, Tony Elumelu, and others for their participation, he said: “It is Nigeria that is calling, not a Bola Tinubu. And the hope of the entire nation hangs on you people. “They were presented with the outcomes of Mr. President’s review of the accelerated stabilization and advancement plan and that was an emergency plan to cover the next six months, which Mr. President had directed that a combination of his own Economic Management Team and the sub nationals, the governor’s level, and the private sector put together for his consideration.

Edun also emphasised that the focus of President Tinubu is on food security, food production and nutrition security, saying “so the commitment to providing food at an affordable price and in available quantity is upper-most on President Tinubu’s mind at this particular time. “So we hope that with the private sector working with the federal government, things will begin to improve. That is the aspiration, and about the money approved now for disbursement are all targeted to achieving a better life”, he said.

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