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Economy

Nigeria needs 21.9% growth for $1trn economy – Report

Nigeria would require a minimum annual growth rate of 21.9 per cent at an exchange rate of N1,500/$ or a stronger exchange rate at a slower growth rate to attain a $1 trillion economy valuation by 2031, Afrinvest West Africa Limited has predicted. Afrinvest projected this in its 20th Nigeria Banking Sector Report 2025 entitled, […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
Economy

NEC unveils framework to achieve $1trn economy by 2030

The National Economic Council on Thursday unveiled the framework for the Renewed Hope Development Plan (2026–2030) aimed at consolidating Nigeria’s reform agenda and actualising the $1tn economy target of the administration of President Bola Tinubu. This was part of the resolutions reached at the 151st meeting of the council, which commended the Ministry of Budget […]