Tinubu Says Bold Reforms Have Set Nigeria on Track for $1tn Economy by 2030

President Bola Ahmed Tinubu has affirmed that the difficult economic decisions implemented by his administration have successfully stabilized the nation’s financial foundations and placed Nigeria on a clear path toward building a $1 trillion economy by 2030.

The President’s message was delivered by the National Chairman of the All Progressives Congress (APC), Prof. Nentawe Yilwatda, during the second edition of the Asiwaju Scorecard Series and Policy Roundtable held in Abuja.

Reflecting on the bold policy shifts initiated since taking office—notably the ending of petrol subsidies, the overhaul of the foreign exchange market, and aggressive domestic revenue mobilization—Tinubu acknowledged the harsh transitional pains experienced by households and businesses across the country. He explained, however, that these structural reforms were unavoidable to prevent fiscal collapse and replace decades of economic volatility with sustainable productivity.

Highlighting recent gains, the President pointed out that economic momentum has begun to turn the corner, with real GDP expanding by 4.43% in the second quarter of 2026 and inflation dropping from past peak levels down to approximately 15.4%. Nonetheless, he stressed that statistical stability is merely the foundation rather than the final goal, insisting that the true measure of economic progress lies in lower living costs, affordable food prices, uninterrupted power supply, and greater buying power for ordinary Nigerians.

Tinubu clarified that the $1 trillion economic target is a strategic national mission designed to transform Nigeria into a major export and manufacturing powerhouse. To achieve this, the government is linking deep-sea ports in Lagos, Ondo, Akwa Ibom, Rivers, and Cross River through modern rail networks, the Lagos-Calabar Coastal Highway, and the Sokoto-Badagry Super Highway to open trade corridors reaching from the Atlantic coastline into northern markets and the Sahel.

Alongside physical transport routes, the administration is pushing critical energy projects like the Ajaokuta-Kaduna-Kano (AKK) gas pipeline to power factories and homes, while expanding citizen-focused financing through the Nigerian Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation (CREDICORP) to stimulate grassroots entrepreneurship and build a competitive workforce.