Investing in Infrastructure Critical to Nigeria’s Economic Growth – Tinubu

President Bola Tinubu said on Wednesday that his administration’s guiding philosophy is centered on reform and regeneration, with a strong emphasis on infrastructure development as a crucial catalyst for economic growth.

While inaugurating the newly constructed arterial road N16 in Abuja’s Katampe district today, Tinubu underscored the vital importance of infrastructure in national development.

“Infrastructure is not a luxury, it is a necessity,” he remarked. “It is the bedrock of national competitiveness, growth, social integration and economic opportunity.”

This road project, a key component of the Renewed Hope Agenda, aims to alleviate traffic congestion in Central Abuja and enhance connectivity to rapidly developing areas like Katampe, Jahi, and Mabushi.

President Tinubu commended the FCT Minister, Nyesom Wike, for his leadership in successfully delivering the project, noting that “The artery fully realized through the leadership of the FCT administration under the Honorable Minister, barrister Nyesom Wike.”

Persecondnews reports that Tinubu’s administration has prioritized investments in roads, rail, power, healthcare, education, and digital infrastructure to unlock Nigeria’s full potential.

He noted, “There’s no way industrialization will flourish without good roads. We are investing in roads, rail, power, health care, education and digital infrastructure”.

This approach aligns with the Renewed Hope Agenda’s objectives, which seeks to stimulate economic growth, create jobs, and improve the quality of life for Nigerians.

Tinubu’s administration has initiated several notable infrastructure projects. One such project is the Lagos-Calabar Coastal Highway, a 700-kilometer infrastructure project aimed at connecting Victoria Island to Calabar, enhancing transportation and unlocking economic opportunities.

Another significant project is the Kano-Kaduna Railway Project, a $254.76 million project aimed at modernizing Nigeria’s logistics network.

These projects demonstrate the administration’s commitment to driving economic growth, reducing costs, and improving the business environment.

By investing in infrastructure, the administration aims to create a more competitive and prosperous nation.

Tinubu urged the citizens to protect and use the newly commissioned road wisely, saying, “The road belongs to the communities as citizens of Abuja and us as the federal government, I urge you to protect it and use it wisely.”