Nigeria to become 14th best global economy by 2050, TETfund boss predicts
The Tertiary Education Trust Fund has predicted Nigeria would become the 14th best economy in the world by 2050.
The Executive Secretary of the fund, Dr Abdullahi Baffa-Bichi said this during an interactive session with members of the Buhari Support Political Group, on Wednesday, in Kano.
According to him, indices of growth and development are manifesting following the sound and excellent economic policy introduced by the administration of President Muhammadu Buhari.
He noted that a report released by an established global economic expert, PWC, had also predicted that Nigeria would be the 14th biggest economy in the world in 2050.
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Baffa-Bichi disclosed that the report, titled `The World in 2050’, which was released recently, attributed this to the current economic revolution introduced by the Buhari administration.
He said Nigeria’s economy is now on a sound footing as evident by the stability in the business and investment environment.
The TETfund boss commended Buhari for his good economic policies and initiatives which were responsible for the country to get out of recession within just two years.
According to him, this feat was certified by the major financial players in the world such as the International Monetary Fund and the World Bank.
“If not for the prudent management of resources instilled by the administration, Nigeria would have been in a serious economic crisis”, he said.
According to Baffa-Bichi, who is the Director-General of the group, explained that getting out of recession was by no means a great achievement.
He expressed optimism that Nigerians would soon be among the best economies in the world if these policies are sustained.
He, therefore, said such achievement alone should make electorates to renew their mandate to the government.