According to President Bola Tinubu, his administration has put aggressive policies into place to help Nigeria’s economy recover from the downturns brought on by several shocks to the global economy. Vice-President Kashim Shettima spoke on Tinubu’s behalf when he opened the 2024 African Caucus Meeting at the Transcorp Hotel in Abuja. We think it’s a route toward resilience and recovery via substantial economic change. In line with the aims of the SDGs, he stated, “Our reform efforts have been strategically focused on fostering fiscal and monetary efficiency, driving sustained long-term economic growth, and catalyzing job creation.”
The President claims that his administration is still dedicated to maximizing the country’s economic potential in order to provide positive results for its population. Additionally, Tinubu stated that his administration would guarantee the area economy’s overall sustainable growth. “Macroeconomic stability has improved and investment has increased as a result of our efforts,” he stated. He called on African nations to raise the standard of living for their citizens. The President also empahaised the necessity for African leaders to guarantee that democracy, good governance, and economic institutions worked together.
“However, we must also acknowledge the need to take responsibility for our own development by undertaking the difficult structural and fiscal reforms required to boost long-term growth,” he said.Tinubu described the caucus meeting as a vital platform to share experiences, forge partnerships and chart a collective path forward.
