Nigeria's Government Aims for Investment-Grade Rating by 2030

The Nigerian federal government, represented by Dr. Doris Uzoka-Anite, the Minister of State for Budget and Economic Planning, announced its ambition to secure an investment-grade sovereign credit rating by 2030. This goal is part of a broader strategy linked to the National Development Plan 2026-2030, which aims for a $1 trillion economy.

Speaking at the 2026 International Credit Rating Webinar organized by DataPro Limited, Uzoka-Anite stressed that achieving this rating should stem from stronger economic fundamentals rather than being an end goal. She highlighted the importance of credit ratings in reflecting investor confidence and influencing borrowing costs and investment decisions.

The National Development Plan aims to diversify and strengthen Nigeria's economy, with a target of nominal output nearing $1 trillion by 2030. Recent economic trends show progress, with the World Bank reporting a 3.87 percent growth in 2025 and the IMF projecting a 4.1 percent growth for 2026, despite ongoing challenges such as inflation and fiscal constraints.