Minister Urges 10% GDP Growth for Nigeria to Reach $1 Trillion Economy Goal

Minister John Owan Enoh stressed the need for Nigeria to achieve annual GDP growth of 10% to reach the $1 trillion economy target set by President Bola Tinubu. Enoh highlighted the current growth rate of around 3% as insufficient and emphasized the importance of industrialization for sustainable prosperity.

The government is finalizing a new industrial policy to revive industries and boost manufacturing, particularly in struggling sectors like textiles, to create mass employment opportunities and drive economic growth.