Nigeria Targets $1 Trillion Economy by 2030

During a recent retreat, Dr. Dori Uzoka, the Minister of State for Budget and Economic Planning, urged state governments to actively support Nigeria's ambition of becoming a $1 trillion economy by 2030.

She warned that achieving this target requires a shift from passive implementation to active leadership, encouraging state commissions to examine their unique economic profiles to identify specific advantages. Nigeria's GDP is projected to reach $441.5 billion by 2025, necessitating an additional $531 billion in growth to meet the $1 trillion target.

The Nigerian Port Authority announced a 1.407% increase in non-oil exports for 2025 compared to 2024. Additionally, the federal government is reforming the livestock industry, aiming to increase milk production and reduce reliance on imports, with the National Council on Livestock Development launched to spearhead this initiative.