The Presidency has announced that Nigeria is on course to reach a $1 trillion economy by the year 2030
The Presidency asserts that economic reforms and an inclusion agenda are realigning Nigeria for enduring growth and leadership on the continent.
The Presidency has announced that the country is making consistent progress towards achieving a $1 trillion economy by the year 2030.
Dr. Nurudeen Zauro, Technical Adviser to the President on Economic and Financial Inclusion (Office of the Vice President), made this disclosure in Abuja over the weekend, stating emphatically that Nigeria is on a “healing journey” and is firmly on course to reclaim its leadership position in Africa by building a borderless and inclusive economy.
Nigeria is poised to host a significant continental policy and technology engagement in 2026, with the organisers of the RegTech Africa Conference and Expo (RACE 2026) having revealed details of the event in Abuja.
The conference, scheduled to take place from May 20 to 22, 2026, under the auspices of the Office of the Vice President, will focus on the theme “Building trust, infrastructure, inclusion and policy for a borderless economy.” It is being organized in collaboration with the Presidential Committee on Economic and Financial Inclusion and the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA).
Zauro addressed reporters’ inquiries regarding economic and financial inclusion, stating that President Bola Tinubu established a clear economic objective from his very first day in office.
He stated, “From day one, Mr. President actually set a target.” He established a goal of enhancing Nigeria’s economic and financial sector to reach a $1 trillion economy by the year 2030. To achieve this, we must establish trust, develop infrastructure, ensure inclusion, and implement policies that foster partnership and collaboration. The definition of the borderless economy is as follows.
He contended that the recent policy changes, while difficult, are essential for the restoration of long-term economic health.
“I continue to emphasize this: it requires a courageous choice for a father who understands his child is unwell to take him to the hospital, permit him to undergo surgery, and emerge healthy and strong,” Zauro stated.
Nigeria has undergone numerous reforms and faced challenging periods. We recognize that economic pressure is a worldwide issue, yet we are currently focused on a healing journey.
He stated that key economic indicators “are changing” as investor confidence gradually returns. Nigerian numbers are evolving. Improvements are on the horizon; the figures are shifting positively.
“Investors are arriving. This room, this office, has welcomed a multitude of individuals. Nigeria is progressing towards success, and I can confidently state that the leadership it has historically demonstrated in Africa is being strengthened.
He emphasized that the Tinubu administration is “intentional” in its efforts to leverage the African Continental Free Trade Area (AfCFTA) to enhance Nigeria’s regional leadership.
“Regarding leadership to leverage AfCFTA, we are currently aligned with the existing data, and it is readily available,” he stated. “The key factor is the deliberate approach of the administration.” The President and the Vice President have traveled extensively, seeking support and fostering collaboration and partnership globally.
Zauro connected the ongoing effort for financial inclusion to a directive from the president. “That is one of the reasons we are gathered in this room,” he explained.
“We are putting the ASO Accord on Economic and Financial Inclusion into action. It reflects dedication, acknowledges the significance of this sector, and emphasizes the value of partnership and collaboration. That has been the backing of Mr. President.
He stated that the government has raised the inclusion agenda to the National Economic Council to guarantee that states completely embrace federal policies.
“Another important aspect is bringing this discussion to the National Economic Council, where all the sub-nationals are involved.”
It is insufficient to formulate policy at the central level; it is essential to ensure that the policy reaches the sub-national entities so that every Nigerian is included in both the policy and its execution. Our slogan has consistently been: “No one is left behind.”
Zauro asserted that through appropriate partnerships and inclusive policies, Nigerians have the potential to effectively address their economic challenges.
“If we can confront these challenges collectively, as the Presidency is attempting to do, and everyone collaborates with us to address them, then we likely won’t require external assistance,” he stated.
“Policymakers, innovators, and operators like us are all engaged in this important conversation.”
According to several conference organizers, engaging in multi-stakeholder conversations is essential for addressing ongoing “pain points” faced by citizens and businesses.
“Conversations like this are instrumental in helping us address challenges.” It is possible that certain policymakers remain unaware of the issues until prompted with specific questions.
“The core of uniting everyone lies in engaging in these discussions and addressing these challenges.”
They stated that they were intentionally selecting the “appropriate resources” – ranging from policymakers to innovators and operators – to address sector-wide issues.
“The individuals we will invite to this conference will be the appropriate resource persons who can address some of these issues.” They are aware of those issues.
“However, if we all remain indoors without engaging in these discussions, the issues will persist unresolved.” These are challenges that affect us all.
They connected inclusion directly to productivity in rural and underserved communities, emphasizing that access to markets and payments can unleash considerable output.
“If I am granted access to the market for my goods, even from a small village, and I can reach the world and collect my earnings from sales, I will increase my production.”
