The Federal Government has expressed confidence the economy will attain the $1 trillion Gross Domestic Product (GDP) target set by President Bola Tinubu by 2030.
Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, made this known in Abuja during a courtesy visit by the European Union (EU) Parliamentary Committee on Foreign Affairs, led by Mr. David McAllister.
Bagudu said the administration was working closely with local and international partners to achieve the goal, noting that the government’s growth strategy places significant emphasis on private sector participation.
“Our President has set a clear target for Nigeria to achieve a one trillion-dollar GDP by 2030,” the minister told the EU delegation. “This is ambitious, but achievable through partnerships such as ours with the European Union.”
In a statement by the ministry on Tuesday, Bagudu explained that the government’s economic blueprint is built around strong collaboration with the private sector, which he said would provide 86 percent of the investment required to reach the $1 trillion GDP target.
He said the Tinubu administration was determined to achieve double-digit economic growth in an environmentally sustainable manner within the target period.
(The Nation)
