Tinubu will make Nigeria among 20 largest economies of the world – Shuaibu Abubakar Audu

By Iyojo Ameh

A Ministerial Nominee from Kogi state and son of the late Kogi state governor,Shuaibu Abubakar Audu has said that president Tinubu will make Nigeria among 20 largest economies of the world.

He said this while answering questions from senators during his screening on Saturday in Abuja.

While answering questions bothering on ways to mitigate the devaluation of the Naira, Audu said that the Nigeria economy was a massive one with the total size of the GDP at 470 billion dollars.

“This has made us the largest and most important economy in Africa.

“I believe with some of the measures that President Bola Tinubu has put in place, I believe we can significantly tap into the potential of Nigeria.

“And increase our ranking and move closer to being the top 20 and being part of the G-20 economy over the President’s eight-year tenure.”

Audu also said that liberalising the apex bank policy was one of the most brilliant decisions that the President could have taken and he took that decision on day one of this new administration.

“This is because the apex reserve was bleeding and a lot of money was been expended on defending the naira when the parallel market was trading at a much higher rate.

“And creating an opportunity for people to take money where it’s discounted and make super normal profit and I think the President with his experience has done a great deal.

“I believe that over time, some of the key things are been put in place whether it’s in terms of vamping up production capabilities in agriculture, exporting various commodities from Nigeria.

“This will help mitigate the devaluation problem. I believe the devaluation problem is a problem that the president will tackle effectively over time,” he said.