“Government Cannot Provide All the Investment Needed for a $1tn Economy” – Tinubu

President Bola Tinubu has said the private sector is expected to contribute about 86 per cent of the investment required to grow Nigeria’s economy to $1 trillion by 2030.

According to a report by TheCable on Friday, November 13, 2026, Tinubu emphasised that private businesses would be central to achieving the economic target, while the government would focus on creating an environment that encourages investment and business expansion.

The president made the remarks on Thursday in Abuja during a book presentation, where he was represented by the Speaker of the House of Representatives, Tajudeen Abbas.

Speaking through Abbas, Tinubu explained that the government alone could not provide the enormous financial resources needed to achieve the country’s economic ambition.

He said private enterprises were better positioned to drive wealth creation through investment, innovation, manufacturing and exports.

The president added that his administration would prioritise policies aimed at removing obstacles to business operations and encouraging companies to expand their activities, increase local production and access international markets.

He also stressed the importance of strengthening domestic industries and improving Nigeria’s export capacity, noting that these efforts would contribute significantly to economic growth.

Tinubu maintained that the government’s role was to establish favourable conditions for businesses to invest in productive sectors and operate without unnecessary restrictions.

He said, “Government alone cannot build a trillion-dollar economy. Wealth is created by enterprises that invest, innovate, manufacture and export. Our duty is to clear the path before them.”

The president reiterated that achieving the $1 trillion target by 2030 would depend largely on increased private sector investment, stronger local industries and the ability of Nigerian businesses to compete in international markets.

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