Nigeria’s Minister of State for Finance, Dr. Doris Uzoka-Anite, has outlined the government’s roadmap to achieve President Bola Tinubu’s ambitious target of building a one trillion Dollars economy by 2030. Speaking at the Annual General Meeting of the Finance Correspondents Association of Nigeria (FICAN), she emphasized that the goal cannot be realized by government efforts alone but requires investor confidence, private sector participation, and disciplined reforms.
Uzoka-Anite explained that Nigeria’s current GDP, estimated at around Three hundred seventy-five billion Dollars, must grow at a sustained rate of 10–12 percent annually over the next decade to reach the milestone. She credited recent policy measures — including fuel subsidy removal and foreign exchange market unification — with restoring credibility to the economic framework and laying the foundation for long-term growth.
Public reactions have been mixed. Supporters argue that the reforms demonstrate political will and could unlock new opportunities for entrepreneurs. “If Nigeria maintains discipline, this target is achievable,” one economist noted.
Critics, however, warn that the scale of growth required is unprecedented and may be difficult to sustain. “Ambition is good, but without strong institutions and accountability, this could remain a political slogan,” a civil society advocate commented.
Analysts highlight that the plan reflects a broader trend across emerging economies, where governments are seeking to diversify revenue sources, attract foreign investment, and strengthen human capital to compete globally.
