NEC Outlines Blueprint for Nigeria's $1 Trillion Economy

The National Economic Council (NEC) held a conference on February 9-10, 2026, at the Presidential Villa in Abuja, focusing on a bold blueprint for Nigeria's economic revival. The theme emphasized inclusive growth and sustainable national development, gathering leaders from the federal, state, and FCT levels to tackle pressing challenges such as inflation, insecurity, and infrastructure deficits.

The conference featured seven panel sessions and nine lead papers discussing fiscal policy and security, aligning with President Bola Tinubu's "Renewed Hope" agenda. The plan aims to build a $1 trillion economy by 2030, addressing Nigeria's GDP growth, which currently hovers around 3-4%, significantly below the 7% needed.

Key recommendations included a shift towards a cooperative federal model, enhancing public-private partnerships, and focusing on domestic energy security. The NEC underscored the importance of a structured approach to economic growth, moving away from fragmented efforts, and emphasized the need for a formal legal framework to address insecurity and infrastructure gaps across state lines.