The Federal Government says Nigeria is on track to achieve its target of a one-trillion-dollar economy by 2030 following stronger economic growth and ongoing reforms. The Federal Ministry of Finance says Nigeria’s real Gross Domestic Product grew by 4.43 per cent in the second quarter of 2026, up from 3.89 per cent in the first […]
The Federal Government says Nigeria is on track to achieve its target of a one-trillion-dollar economy by 2030 following stronger economic growth and ongoing reforms.
The Federal Ministry of Finance says Nigeria’s real Gross Domestic Product grew by 4.43 per cent in the second quarter of 2026, up from 3.89 per cent in the first quarter and 4.23 per cent recorded in the same period of 2025.
The ministry says growth is becoming more broad-based, with 27 economic subsectors recording growth above three per cent during the quarter.
Manufacturing expanded by 3.24 per cent, agriculture grew by 4.39 per cent, while the services sector recorded 4.60 per cent growth.
The government says continued macroeconomic stability, growth in productive sectors and improving investor confidence could strengthen Nigeria’s position among Africa’s largest economies and support the one-trillion-dollar target.
President Bola Tinubu, however, says economic growth must translate into better living conditions for Nigerians through more jobs, lower inflation, affordable credit, reliable electricity, increased manufacturing and stronger purchasing power.
Tinubu says his administration will continue investing in strategic infrastructure, including highways, railways, ports, energy and digital connectivity, to support economic expansion.
The President maintains that achieving a one-trillion-dollar economy is aimed at creating a Nigeria that produces and exports more, attracts greater investment and creates more opportunities for its citizens.
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