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Wednesday, November 11, 2026

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.

• November 11, 2026
Tinubu at FEC meeting
Tinubu at FEC meeting (credit: Arise News)

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)

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