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It also aims to resolve the cash shortage situation that impacted the economy in early 2023 due to the naira redesign under the previous administration.
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The establishment of a coordinating body for fiscal and monetary policies, along with reforms in the operating model of the Central Bank of Nigeria, will foster stability and facilitate economic growth.
Furthermore, the government aims to encourage increased participation of pension funds and insurance companies in the capital market, which will enhance liquidity and drive sustainable economic development.
Recognizing the significance of a businessfriendly environment, the roadmap emphasizes regulatory reforms to attract investments and boost the manufacturing sectors contribution to GDP.
President Bola Tinubu has unveiled an ambitious roadmap aimed at propelling Nigerias economy to an unprecedented milestone of 1 trillion.
The comprehensive plan, announced by the Policy Advisory Council, outlines a series of strategic initiatives designed to drive sustainable economic growth and address key challenges hindering Nigerias progress.
With a resolute determination to transform the nations economic landscape, President Tinubu acknowledged the enormity of the task at hand during the meeting of the National Economic Council (NEC).