Nigeria cannot achieve $1tn economy with current budget size, budget minister says

BusinessDay | 28-09-2026 10:34pm |

The Minister of Budget and Economic Planning has stated that Nigeria cannot achieve its goal of becoming a $1 trillion economy with the current budget size. The minister noted that Brazil's budget is 25 times larger than Nigeria's, indicating the need for significant expansion. The statement underscores the challenges facing Nigeria's economic ambitions.

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