Stronger governance to strengthen Nigeria’s competitiveness, $1 trillion economy: Tinubu

President Bola Tinubu has called for strategic positioning of Nigeria amid profound shifts in the global economy, alongside stronger corporate governance, to strengthen the country’s competitiveness and achieve its one trillion dollar economy ambition by 2030.
Mr Tinubu made the call on Tuesday in Lagos at the Chartered Institute of Directors Nigeria (CIoD) Annual Directors Conference 2026.
The president, represented by Tunji Olaopa, chairman of the Federal Civil Service Commission, said global supply chains were being reorganised, while digital technologies, trade tensions, climate risks and changing capital flows were reshaping investment decisions.
He said Nigeria must respond by strengthening macroeconomic stability, improving policy predictability, developing energy and transport infrastructure, deepening local value addition and diversifying its exports.
Mr Tinubu stressed the need to leverage opportunities under the African Continental Free Trade Area (AfCFTA) to connect Nigerian producers to wider markets while equipping the workforce with skills required by the new economy.
He said achieving the country’s economic ambition required determination and stronger partnership between government and enterprise.
According to him, investors are attracted not merely by the availability of opportunities but also by confidence that their investments will be managed within transparent, accountable and predictable institutional frameworks.
The president said strong corporate governance reduces risks, strengthens investor confidence, improves access to capital, promotes operational efficiency, and enhances organisational sustainability.
He warned that weak governance, poor oversight, conflicts of interest and inadequate accountability could undermine even the most promising enterprises.
Mr Tinubu, therefore, urged directors across the public and private sectors to uphold the highest standards of integrity, transparency, accountability and professionalism. He said boards must provide effective oversight, constructively challenge management, safeguard institutional assets, and ensure decisions serve the best interests of their organisations and stakeholders.
The president also called for stronger governance in public institutions and state-owned enterprises, stressing that public resources must be managed responsibly, institutions must deliver measurable value, and those entrusted with leadership must remain accountable for results.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Rights
Police urge calm over killing of Takum MACBAN chief
The police commissioner, Edwin Ogbeghagha, appealed for calm and directed that all necessary investigative measures be undertaken.

Rights
International IDEA strengthens multi-agency response to SGBV in Benue
International IDEA strengthened the investigation, prosecution and delivery of justice for survivors of sexual and gender-based violence.

Education
UNESCO seeks stronger scientific diplomacy to address developmental challenges
UNESCO has called for stronger scientific collaboration to address global challenges and promote peace and sustainable development.

Health
Technology will transform healthcare delivery in Kano: KSCHMA
KSCHMA says it is exploring digital technology to improve healthcare delivery through telemedicine and electronic medical records.

Politics
Many opposition lawmakers supporting Tinubu because of Speaker Abbas: Agbese
Mr Agbese attributed the growing support for President Bola Tinubu among opposition lawmakers to Speaker Tajudeen Abbas’ inclusive, people-centred leadership style.

Economy
Stronger governance to strengthen Nigeria’s competitiveness, $1 trillion economy: Tinubu
Mr Tinubu called for strategic positioning of Nigeria amid profound shifts in the global economy, alongside stronger corporate governance, to boos the country’s competitiveness.





