Presidency: Nigeria on recovery path as Tinubu targets $1tn economy
The Presidency has reaffirmed that President Bola Ahmed Tinubu set a bold goal from the outset of his administration to expand Nigeria’s economy to $1 trillion by the year 2030, maintaining that the nation is steadily emerging from the impact of ongoing economic reforms.
Speaking at a media engagement in Abuja over the weekend, the Technical Adviser to the President on Economic and Financial Inclusion in the Office of the Vice President, Dr. Nurudeen Zauro, said the government remains committed to rebuilding and strengthening the economy despite short-term hardships.
Zauro explained that the administration’s approach is anchored on deepening the economic and financial sectors, expanding financial inclusion, and investing in trust, infrastructure and partnerships needed for sustainable growth.
He acknowledged that recent policy changes have been difficult for many Nigerians but stressed that they were unavoidable steps required to stabilise the economy. Comparing the reforms to a medical procedure, he said Nigeria is undergoing a necessary “healing process” after years of economic strain.
According to him, early signs of recovery are already visible, as key economic indicators show improvement and investor confidence is gradually returning.
Zauro added that the federal government is positioning Nigeria to fully benefit from the African Continental Free Trade Area (AfCFTA), while the President and Vice President continue to engage international partners to attract investment into the country.
He also linked the economic agenda to an aggressive push for financial inclusion, highlighting the implementation of the ASO Accord on Economic and Financial Inclusion, which aims to widen access to financial services across the country. To ensure broader impact, the initiative has been elevated to the National Economic Council to secure active participation from state governments.
Emphasising inclusiveness, Zauro said economic policies must reach the grassroots to ensure that all Nigerians benefit from growth.
Meanwhile, Nigeria is set to host the 2026 RegTech Africa Conference and Expo from May 20 to 22, under the patronage of the Office of the Vice President. The conference, themed “Building Trust, Infrastructure, Inclusion and Policy for a Borderless Economy,” will convene policymakers, regulators and innovators to address challenges in financial services and economic access.
Organisers noted that improving access to markets and payment systems, particularly in rural communities, could significantly enhance productivity and accelerate economic growth nationwide.
