According to United Nations projection, Nigeria’s population will be nearly 400 million by the year 2050. Again, UN estimates that five of the eight countries that are expected to make up half of the world’s population growth over the next 27years to be in Africa.
Given the current economic challenges that the Tinubu Administration has to contend with, characterized by declining GDP, huge indebtedness, serious inflationary pressure, high unemployment rate and unacceptable multi-dimensional poverty level, in addition to the UN population forecast, the task of driving the economy by creating the enabling environment for attraction and retention of massive domestic and foreign direct investment has become very urgent, inevitable and unassailable.
The new Administration has been applauded for designing and implementing a transformation agenda that is expected to give Nigeria a new lease of economic life; by reversing the drift and restoring Nigeria on the path of sustainable…