Nigeria on track to become $1tn economy by 2030 – FG

Daily Trust | 01-09-2026 05:51pm |

The article discusses Nigeria's economic growth and its goal to become a $1 trillion economy by 2030. In the second quarter of 2026, Nigeria's economy grew by 4.43% compared to the same time last year, showing improvement from earlier in the year. This growth was driven by various sectors, including manufacturing and agriculture, which both saw significant increases. The Nigerian government noted that many parts of the economy are growing, with 27 sectors growing by more than 3%. The services sector is the largest contributor to this growth. The country's currency, the naira, has also become more stable and appreciated in value, which has helped boost the economy when measured in U.S. dollars. The government believes that if this growth continues, Nigeria could become one of Africa's largest economies by 2028 and is on track to contribute significantly to global economic growth. However, they emphasized the need for consistent policies and reforms to maintain this positive trend and ensure that the benefits of growth reach all Nigerians.

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