Politics of Economics: Tinubu’s audacity sets Nigeria on a path of positive economic transformation.

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Politics of Economics: Tinubu’s audacity sets Nigeria on a path of positive economic transformation.
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United Nations General Assembly and in the Independence Day address, President Bola Ahmed Tinubu set the right tone and demonstrated Nigeria’s renewed attitude towards serious business, economic reforms, and foreign direct investments.

Across the ocean, the world’s leading oil producer, Saudi Arabia, is making waves with a bold Vision 2030 initiative that is centered around economic diversification and three pillars:. The vision includes the US$500 billion futuristic city called NEOM – a direct challenge to the thriving success story of the United Arab Emirates and Qatar’s emergence as an economic player in the region.

Yet, Nigeria’s creativity or resilience has its limitations. President Tinubu’s antecedents of visionary leadership, bold ideas, and international exposure present a rare opportunity for Nigeria to harness her human resources, rise to surmountable challenges, restructure and potentially double the economy in a few years.

Visionary leadership that recognizes the limitations of government resources by incentivizing tax breaks for well-intentioned private capital to bet on Nigerian ingenuity for mass job creation, innovation, and democratize luck through equal opportunities for ‘the connected’ and average Nigerian.

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