The Federal Government has expressed confidence in it’s target of achieving a $1 trillion economy by 2030
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, made this known while speaking in Abuja during a courtesy visit by the European Union (EU) Parliamentary Committee on Foreign Affairs, led by Mr David McAllister,
Bagudu said the goal, though ambitious, was attainable through strategic partnerships, particularly with the European Union.
He explained that the Federal government’s strategy was centred on partnership with the private sector, which was expected to provide about 86% of the investment required to realise the target.
According to Bagudu, President Tinubu administration’s economic reforms had placed the country on a path of sustainable growth, with expectations of achieving double-digit growth in an environmentally responsible manner.
The minister further commended the EU for its continued support and thanked the Head of the EU Delegation to Nigeria, Ambassador Gauthier Mignot, for facilitating participation in the 2025 Global Gateway Forum.
He also thanked the EU for securing a ₦320.5 billion credit line to commercial banks and financial institutions to improve lending to the agricultural sector.
News edited by Favour Owonibi