Tinubu Focuses on Investment and Job Creation in Economy

On Tuesday, at the 19th Annual Banking and Finance Conference in Abuja, President Bola Tinubu stated that his administration is focused on converting macroeconomic stability into investment, production, job creation, and improved living standards. Represented by Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, Tinubu highlighted that the banking and financial services sector is crucial for this transformation.

He noted that the current phase of economic reforms aims to accelerate the conversion of stability into investment and subsequently into jobs and improved living standards. Tinubu referenced a 4.43% growth in the economy during the second quarter of 2026 and a 17% growth in GDP in US dollar terms for the first half of the year as indicators of progress.

He reiterated Nigeria's goal of achieving a $1 trillion economy by 2030 and mentioned that purchasing power GDP has surpassed $2.2 trillion. Tinubu urged banks to increase financing to businesses and the productive sector, emphasizing the need for a resilient financial system.