Our administration building stable platform for sustainable growth, shared prosperity – Tinubu
President Bola Ahmed Tinubu has declared that the present administration is building a more stable platform for sustainable growth and shared prosperity.
The President made this known in Ibadan, Thursday, while speaking at the commissioning of the newly transformed Premier Hotel undertaken by the Odu’a Investment Company Limited.
Represented by the Secretary to the Federal Government (SGF), Senator George Akume, President Tinubu disclosed that signs of progress in Nigeria are becoming increasingly evident.
He stressed that it signals the reforms undertaken by his administration are laying the foundation for a stronger, more competitive, and more resilient economy.
“The signs of progress are becoming increasingly evident. Investor confidence is improving, strategic investments are growing, and key sectors of the economy are showing renewed momentum.
” Our foreign reserves have also attained the highest level in the last two decades.The newly transformed Premier Hotel is itself a vote of confidence in Nigeria’s future. It represents optimism, enterprise, and belief in the opportunities ahead,” he said.
While urging investors to continue investing in the country, President Tinubu said Nigeria offers tremendous opportunities while his administration remains committed to creating the conditions necessary for businesses to succeed.
Speaking further, President Tinubu said hospitality and tourism occupy a strategic place under the diversification policy of the Renewed Hope Agenda and that the hospitality and tourism industry is a growing enterprise globally.
“This is because across the world, there is monumental daily movement of goods and services driven by humans.The hospitality and tourism industry is a growing enterprise globally. This is because across the world, there is monumental daily movement of goods and services driven by humans.
” With our population and size of our economy, opportunities for growth abound in Nigeria. That is exactly why hospitality and tourism occupy a strategic place under the diversification policy of the Renewed Hope Agenda.
“This objective is not just to attract tourists and investors but also to drive economic growth, job creation, foreign exchange earnings, cultural diplomacy, and urban renewal. Nigeria possesses enormous tourism potential, from our cultural heritage and historical sites to our creative industries, festivals, natural attractions, and vibrant cities.
“For this reason, our administration has prioritized policies and programmes that support tourism, culture, hospitality, entertainment, and the creative economy. We are investing in transportation infrastructure, airport terminals, improving road and air connectivity, strengthening digital services, simplifying business processes, and promoting public-private partnerships that attract investment into tourism-related enterprises.
“Through these interventions, we are positioning Nigeria not merely as a destination for business, but as a destination for leisure, culture, conferences, entertainment, and global engagement,” he said.
Also speaking, Group Chairman of Odu’a Group, Otunba Bimbo Ashiru, noted that the idea of Premier Hotel was conceived as the Western Region’s flagship hospitality asset, built alongside its sister properties such as Hamdala Hotel in Kaduna for the Northern Region, and Hotel Presidential in Enugu for the Eastern Region.
He said the choice of Mokola Hill as the location was both deliberate and symbolic as the founding fathers selected the elevated terrain for several strategic reasons.