President Bola Ahmed Tinubu remains committed to achieving a $1 trillion economy by 2030, Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has reaffirmed. Bagudu emphasized the importance of strong policy coordination and strategic planning in realizing this goal, which will be pursued vigorously.
He made this statement while receiving the new Minister of State for Budget and Economic Planning, Dr. Doris Uzoka-Anite, on her assumption of duty on Monday. The minister explained that the upcoming National Development Plan (2026-2030) will guide economic reforms, investment priorities, and development initiatives across the country.
Bagudu highlighted key policy priorities identified by the National Economic Council (NEC) to accelerate national development, including improved coordination among federal, state, and local governments, increased investment in security, and strengthening enforcement against illegal activities in the extractive sector.
In her response, Uzoka-Anite stated that 95% of economic development must be driven by the private sector, with the federal government contributing 5%. She advised that the Renewed Hope Agenda should be led by the private sector to achieve its objectives.
Uzoka-Anite expressed confidence that President Bola Tinubu can achieve the $1 trillion economy goal, citing the foundation laid through economic reforms and the implementation of the National Development Plan (NDP).
Permanent Secretary, Ministry of Budget and Economic Planning, Dr. Deborah Odoh, welcomed Uzoka-Anite’s appointment, citing her experience in public service, finance, and economic management as a valuable asset to the ministry.
