The Minister of State for Finance, Doris Uzoka-Anite, has reiterated that Nigeria must sustain annual economic growth of between 10 and 12 per cent over the next decade to achieve the $1 trillion economy target set by President Bola Tinubu.
Uzoka-Anite made the remark on Wednesday, February 25, 2026, during the 2026 Annual General Meeting of the Finance Correspondents Association of Nigeria held in Abuja.
She was represented at the event by the Assistant Director of Information and Public Relations at the Federal Ministry of Finance, Mrs Uloma Amadi.
In her goodwill message, the minister stated that Nigeria’s current Gross Domestic Product (GDP) stands at approximately $375 billion, adding that achieving a $1 trillion economy would require consistent double-digit growth over the coming years.
“Nigeria’s GDP currently sits at approximately $375 billion. To reach $1 trillion requires sustained GDP growth of between 10 and 12 per cent annually over the coming decade,” she said.
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Uzoka-Anite described the $1 trillion economic agenda as a measurable and strategic destination, stressing that the government was advancing structural reforms aimed at laying a foundation for long-term expansion.
Economic analysts note that Nigeria’s recent growth performance has remained in single digits, averaging around 3 to 4 per cent in recent years, highlighting the scale of acceleration required to meet the government’s target.
The administration has introduced several policy initiatives, including investment-driven budgeting reforms and strategies to mobilize private capital, deepen financial markets, and enhance macroeconomic stability.
Officials argue that these measures are intended to boost productivity and attract domestic and foreign investment.
However, experts caution that achieving sustained double-digit growth will require significant improvements in infrastructure, security, and industrial output, alongside consistent policy execution.
The $1 trillion economy target remains a cornerstone of the Tinubu administration’s economic blueprint, framed as a long-term objective aimed at expanding Nigeria’s productive capacity and global competitiveness.