The Central Bank of Nigeria (CBN) and the Federal Ministry of Finance have rolled out a new economic initiative called the Dis-Inflation and Growth Acceleration Strategy (DGAS).
This plan aims to lower inflation to single digits within two years and achieve at least 7% annual GDP growth.
Introduced on Tuesday at the 2025 CBN Executive Seminar in Abuja, DGAS seeks to harmonize fiscal and monetary policies to stabilize prices, enhance production, and accelerate job creation.
The initiative targets the creation of around five million new jobs and aims for a minimum of 7% growth in non-oil GDP by 2027.
CBN Governor Olayemi Cardoso stated that this strategy builds upon ongoing economic reforms such as fiscal consolidation and foreign exchange liberalization.
Although these measures have presented short-term challenges, they are essential for long-term recovery.
“This strategy consolidates reforms and strengthens cooperation between monetary and fiscal authorities to steer Nigeria toward sustainable growth,” he remarked.
Minister of State for Finance, Dr. Doris Uzoka-Anite, characterized DGAS as the “second wave” of reforms following prior market liberalization efforts.
“The first wave restored investor confidence; this next phase will enhance productivity, expand domestic output, and foster inclusive prosperity,” she noted.
The framework prioritizes addressing inflation from the supply side by lowering structural costs, boosting local production, and reducing import reliance.
A significant aspect is a single-window implementation platform designed to coordinate fiscal actions with CBN interventions in credit, foreign exchange, and industrial financing.
“DGAS connects fiscal intentions with monetary execution,” Uzoka-Anite explained.
“It ensures coherence among policy, capital, and productivity, establishing a unified national approach to growth.”
The strategy is based on nine pillars that include capital mobilization, energy expansion, digital innovation, youth empowerment, consumer credit, and policy coordination.
Both institutions will collaborate in monitoring progress through measurable key performance indicators.
Officials assert that DGAS marks a pivotal moment in Nigeria’s economic management — transitioning from fragmented interventions to a structured, data-driven strategy focused on controlling inflation, stimulating growth, and building a resilient and inclusive economy.
