The Federal Government says it is laying a robust and solid foundation towards achieving President Bola Tinubu’s dream of a $1trillion economy target by 2030.
The work is being done and the target is realisable, despite the country’s GDP currently standing at roughly at $375 billion.
Minister of State for Finance, Doris Uzoka-Anite, stated this on Wednesday at the 2026 Annual General Meeting (AGM) of the Finance Correspondents Association of Nigeria (FICAN) in Abuja, with the Theme: “Actualizing President Bola Ahmed Tinubu’s $1 Trillion Economy Agenda.”
Uzoka-Anite said to reach $1 trillion economy requires sustained GDP growth of between 10 and 12 percent annually over the next few years, was achievable, even though it looks ambitious.
The Minister, who was represented by an Assistant Director of Information in the Ministry, Uloma Amadi, said that the foundation the federal government is laying is sound enough to carry that $1 trillion ambition.
She pointed out that the decision made by President Tinubu in 2023 to remove fuel subsidy and unify the exchange rate are currently yielding result based on empirical data.
The minister said “In January 2026, S&P Global Ratings revised Nigeria’s outlook to positive, affirming our B-/B credit ratings and citing measurable improvements across our external, fiscal, monetary, and economic trajectory. That kind of third-party validation is not given lightly,”.
Uzoka-Anite, also noted that the government has restructured how the budget works, “For the first time, we are treating investment expenditure as a distinct pillar of public finance, separate from recurrent spending, stressing “This matters because it disciplines government to ask a different question: not just how much are we spending, but what are we building with what we spend”.
The Minister said while the first wave of reforms restored market integrity, the second wave, which is now underway, was designed to unlock productive capacity.
She explaining that in collaboration with the Central Bank of Nigeria, the Ministry of Finance has co-authored the Disinflation and Growth Acceleration Strategy, called DGAS.
The minister averred “This is not a policy document that sits on a shelf. It is a nine-pillar implementation framework designed to deliver non-inflationary growth above 7 percent by 2027” .
She highlighted that on the international front, Nigeria was removed from the FATF grey-list last year, a recognition, that has strengthened the nation’s anti-money laundering and counter-terrorism financing frameworks to global standards.
She added “This matters because it directly reduces the compliance costs foreign investors face when engaging with Nigerian institutions. Capital flows more freely to countries that international regulators trust,” .
The Minister mentioned that the government has also submitted Nigeria’s ECOWAS Tariff Offer to the AfCFTA Secretariat, establishing zero duties on 90 percent of goods traded within the continent.
According to her “Abinding commitment to a market of 1.4 billion people with a combined GDP ofover $3 trillion is not a gesture. It is a strategic repositioning. When global trade routes become contested, as they are today, regional corridors become the most reliable alternatives. Nigeria is deliberately placing itself at the center of that alternative” .
The Minister enjoined FICAN to help build the public understanding of the reforms of government stressing that the reforms being implemented are technically sound, but are not self-explanatory .
She pointed out “When you report accurately on inflation trends, on exchange rate dynamics, on what consumer credit access actually means for a family in Ado-Ekiti, Kano or Owerri, you are doing something that no government press release can replicate. You are building the public understanding on which policy sustainability depends.”
Against this background, the minister said “I therefore want to extend an open invitation to the leadership of FICAN and to your members: come to the Ministry. Ask the hard questions. Hold us accountable to the numbers we have put in the public domain. Rigorous financial journalismis not a threat to good governance; it is one of the conditions for it,” .
Uzoka-Anite said that President Tinubu’s $1 trillion economy agenda would not be built through government action alone.
The minister concluded “It will be built through the confidence of investors who trust our institutions,the productivity of entrepreneurs who can access capital and markets, the skills of young Nigerians who find opportunity rather than frustration, and the informed engagement of citizens who understand what their country is trying to do and why” .