President Bola Ahmed Tinubu has asserted that the path to Nigeria’s $1 trillion economy goal hinges on the engagement of the private sector. Speaking at the 2026 Annual Directors’ Conference of the Chartered Institute of Directors Nigeria held in Lagos, Tinubu highlighted the theme of the conference as ‘Reimagining the Boardroom for Inclusive and Sustainable National Prosperity in the New Economy.’
Represented by Prof. Tunji Olaopa, the Chairman of the Federal Civil Service Commission, Tinubu articulated that his administration is focused on creating a productive and competitive Nigeria where entrepreneurship thrives, enabling citizens to achieve a better standard of living. He pointed out that the ambition of achieving a $1 trillion economy by 2030 will not materialize merely through announcements, but rather requires an economic framework that emphasizes increased production, attraction of both domestic and foreign investments, and the export of value-added goods and services.
Tinubu stressed that achieving this goal necessitates a collaborative partnership between government and businesses, where investors are drawn not only by opportunities but also by a trustworthy environment characterized by transparency and accountability. He emphasized that both sectors must work in tandem; as the government creates an environment conducive for investment, businesses should respond with proactive measures such as capital mobilization, innovation, and job creation.
He encouraged business leaders to pursue productive investments, explore new industries, and establish enterprises that will shape Nigeria’s economic future. Tinubu remarked on the importance of requiring clarity and consistency from government institutions, urging them to prioritize timely and transparent policy execution while viewing the private sector as a partner in national development.
Calling for a shift in perspective, he stated that it is essential for entrepreneurs to not only seek opportunities but also to generate them, stressing the need for employment generation and strengthening local value chains for international competitiveness. The president also addressed the role of public officials, urging them to facilitate lawful enterprise, uphold public interest, and foster an effective relationship with private sector players.
Tinubu concluded by reinforcing that the responsibility for Nigeria’s economic prosperity resides collectively with both sectors, urging them to transform confidence into investment and policies into tangible results for national development.
