The Minister of State for Finance, Dr. Doris Uzoka-Anite, has outlined key factors she says are essential for Nigeria to achieve its target of becoming a $1 trillion economy by 2030.
The remarks were made on February 25, 2026, in Abuja at the Annual General Meeting of the Finance Correspondents Association of Nigeria.
The session brought together economic stakeholders to discuss pathways for national economic expansion.
Nigeria’s Gross Domestic Product was reported at about $375 billion, and meeting the $1 trillion target has been included in national development discussions.
Dr. Uzoka-Anite said the ambition cannot be achieved through government action alone, emphasising that investor confidence and active private sector participation are crucial.
She said economic transformation requires productive entrepreneurship and investment in skills and markets.
She said: “President Tinubu’s $1 trillion economy will not be built through the efforts of government alone.
It will be built through the confidence of investors who trust our institutions, the productivity of our entrepreneurs who can access capital and markets, the skills of young Nigerians who find opportunities rather than frustration and informed engagement of citizens who understand what their country is trying to do and why.”
Representatives of the Nigeria Sovereign Investment Authority said the organisation’s capital base has grown, and that strategic infrastructure projects such as the Second Niger Bridge, the Lagos-Ibadan Expressway, and a section of the Abuja-Kano Highway are intended to facilitate economic activities.
Officials from the Nigerian Export-Import Bank said their work is focused on empowering exporters and supporting regional trade under the African Continental Free Trade Area, with logistics improvements seen as important for reducing costs and expanding trade.
The Bureau of Public Enterprises said achieving the $1 trillion goal will require structural reforms, mobilisation of private capital, institutional strengthening and productivity expansion.
The comments underscore emphasis by government officials on collaboration with private sector institutions and infrastructure development as part of the strategy to expand Nigeria’s economic base.
The focus on non-oil sectors, exports and transportation infrastructure reflects broader policy discussions on diversifying the economy and enhancing competitiveness.
