Abuja, Nigeria — August 14, 2025 | President Bola Tinubu has restated his administration’s resolve to grow Nigeria’s economy to $1 trillion by 2030, framing the target as not just a bold economic aspiration but a moral duty to lift millions of citizens out of poverty.
Speaking under the Renewed Hope Agenda, the President described accelerated, investment-driven growth as the most reliable and sustainable pathway to tackling Nigeria’s poverty crisis. “This is not just an economic target; it is a moral imperative. Stimulating higher growth is the only sustainable path to solving the poverty challenge in Nigeria,” Tinubu asserted.
He referenced the International Monetary Fund’s (IMF) July 2025 Article IV Report, which mirrors Nigeria’s current economic direction and underlines the urgency of sustained, investment-led expansion. Tinubu highlighted ongoing fiscal reforms, infrastructure upgrades, and sectoral diversification as critical drivers for hitting the 2030 milestone.
The President underscored the need for strong private sector involvement, improved ease of doing business, and targeted investments in technology, energy, agriculture, and manufacturing. He expressed confidence that, with steadfast reform implementation, Nigeria could rank among the fastest-growing emerging economies globally before the decade ends.