Bagudu: Tinubu's Focus on Economic Benefits for Nigerians

Senator Abubakar Bagudu, the Minister of Budget and Economic Planning, announced that President Bola Tinubu will now prioritize ensuring that Nigerians feel the benefits of the administration's economic reforms after achieving economic stabilization. Speaking at the conclusion of the 32nd Nigerian Economic Summit in Abuja, Bagudu highlighted that the difficult reforms were essential for restoring macroeconomic balance and attracting necessary investments for inclusive growth.

He stated that the success of these reforms should be measured by their impact on households, businesses, and communities. The National Development Plan 2026–2030 aims to align national priorities and policies towards building a diversified economy, targeting a $1 trillion economy by 2030.

Bagudu identified agriculture and grassroots enterprise development as key growth drivers, noting that 42 million Nigerian households engage in agricultural activities. He called for stronger public-private partnerships and improved productivity to enhance domestic value chains.

Omoboyede Olusanya, the incoming Chairman of the Nigerian Economic Summit Group, announced five commitments to enhance project bankability and stakeholder participation.