By Our Reporter
The Federal Government has reaffirmed confidence that Nigeria will achieve the $1 trillion Gross Domestic Product (GDP) target set by President Bola Tinubu by 2030.
Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, stated this in Abuja during a courtesy visit by the European Union (EU) Parliamentary Committee on Foreign Affairs, led by Mr. David McAllister.
Bagudu said the administration is working with local and international partners to realise the target, stressing that the government’s economic strategy prioritises private sector participation.
“Our President has set a clear target for Nigeria to achieve a one trillion-dollar GDP by 2030,” the minister said. “This is ambitious but achievable through partnerships such as ours with the European Union.”
According to a statement from the ministry, the government’s economic blueprint relies heavily on private sector investment, which is expected to contribute about 86 percent of the required funding to reach the $1 trillion GDP milestone.
Bagudu added that the Tinubu administration is committed to achieving double-digit, environmentally sustainable economic growth before the end of the target period.