Federal authorities have tasked state officials with aligning economic strategies to achieve a $1 trillion economy by 2030. The directive came from the Federal Ministry of Budget and Economic Planning, aimed at promoting cooperation between federal and state governments.
Doris Uzoka-Anite, Minister of State for Budget and Economic Planning, issued this charge during a two-day retreat in Abuja. The retreat gathered state Commissioners, State Permanent Secretaries, and State Directors of Budget and Economic Planning. The goal is to immediately take action to achieve it by 2030.
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To meet this ambitious target, she emphasized the need for active leadership rather than passive implementation. State officials were encouraged to examine their unique economic profiles against national targets, identify specific advantages, and align local budgets, policies, and development plans with national priorities.
The Renewed Hope Agenda provides the political will, while the incoming Medium-Term National Development Plan (2026–2030) serves as the strategic execution framework.
The government has moved into a second wave of reform known as the Disinflation and Growth Acceleration Strategy (DGAS). This nine-pillar framework is designed to shift Nigeria away from a consumption-based economy toward productive capacity.
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Key pillars of the DGAS include industrialization, infrastructure, human capital, and consumer credit. Industrialization focuses on moving away from exporting raw materials to domestic processing. Infrastructure targets expanding broadband, data centers, and the Nationwide Energy Expansion Program.
Human capital involves a pipeline targeting technical training for 3 million young Nigerians annually. Consumer credit aims to make financing for housing, education, and healthcare accessible to ordinary citizens.
Deborah Odoh, Permanent Secretary of the Ministry, highlighted how this retreat strengthens collaboration between the federal and state governments. It also helps identify practical ways of improving processes.
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“The success of the National Economic Council depends on sound policies and the dedication, professionalism and collaboration of all stakeholders,” she said.
Sonny Akporokiamo Ekedayen, newly elected Community of Practice Chairman, encouraged his colleagues to work actively for the nation’s advancement. He discussed the importance of teamwork in achieving the goal of a $1 trillion economy.