The Minister of State for Finance, Dr. Doris Uzoka-Anite, says Nigeria’s $1 trillion economy target by 2030 cannot be achieved by government effort alone, and calls for strong investor confidence alongside active private sector participation to support growth.
Uzoka-Anite spoke at the 2026 Annual General Meeting (AGM) of the Finance Correspondents Association of Nigeria (FICAN) in Abuja, presenting her outlook on the administration’s economic agenda under President Bola Tinubu.
Nigeria’s economy currently stands at around $375 billion in GDP, and reaching $1 trillion would represent a significant expansion over the next decade.
The $1 trillion economy ambition has been part of broader policy discussions, including coordinated roadmaps unveiled by the National Economic Council and other economic actors focused on diversification, infrastructure and growth strategies.
Uzoka-Anite said the vision for a $1 trillion economy “will not be built through the efforts of government alone,” noting that it depends on:
- Investor confidence in institutional frameworks and economic prospects.
- Productivity of entrepreneurs with access to capital and markets.
- Skills and opportunities for young Nigerians; and
- Informed public engagement with national economic goals.
During the AGM remarks, representatives of key economic institutions also outlined initiatives aligning with this target:
The Nigeria Sovereign Investment Authority (NSIA) grew its capital from $1 billion to $3 billion and supports strategic infrastructure such as the Second Niger Bridge, Lagos-Ibadan Expressway and parts of the Abuja-Kano Highway.
The Nigerian Export-Import Bank (NEXIM) highlighted efforts to boost foreign exchange earnings and support Nigerian exporters under the African Continental Free Trade Area (AfCFTA) framework, including maritime and inland waterway projects to reduce logistics costs.
Uzoka-Anite also described the GDP target as “ambitious but not afraid of ambitions,” underscoring Nigeria’s structural growth aspirations.
Achieving a $1 trillion economy by 2030 will require sustained expansion, with recent remarks by government officials noting the need for annual GDP growth of 10 – 12 per cent over the coming decade to reach that benchmark.
Broader economic plans, including structural reforms, diversification beyond oil, and enhanced trade integration under AfCFTA, are reflected in ongoing policy frameworks at federal and institutional levels.
Investor confidence, private sector mobilization and infrastructure development are central themes in these discussions, each contributing to sectors that could expand output and exports.
