In a statement by his Special Adviser on Media and Publicity, Femi Adesina, the president also expressed confidence that the President-elect, Bola Tinubu will strengthen the framework of Nigeria’s public-private partnership policies to accelerate the pace of her economic growth and development.
The president however, acknowledged that Nigeria’s economy has faced significant challenges over the years, including deficits in economic infrastructure, insurgency, and external crises such as the Global Financial Crisis, oil price collapses, the COVID-19 pandemic, and the Russia-Ukraine war.
He said the consequence of these challenges constitute a severe strain on the nation’s economy, limiting Government’s ability to provide basic infrastructure without resorting to huge borrowings.
