Tinubu: Nigeria’s economy can grow to $1trn by 2026

President Bola Tinubu told the business community at the Nigerian Economic Summit (NES) on Monday that Nigeria’s economy can grow to $1 trillion by 2026.

Speaking during the 29th edition of the summit in Abuja, on Monday, Tinubu said a $3 trillion Nigerian economy is possible in 10 years.

“Distinguished audience, a one trillion dollar Nigerian economy is possible by 2026, and a three trillion dollar economy is possible within this decade,” he said.

“We can do it with double-digit, inclusive, sustainable and competitive growth.”

Tinubu said financing the country’s $3 trillion national infrastructure stock can be achieved in 10 years and not in 300 years.

“I am confident that by working closely with all of you in the private sector, financing our three trillion dollar national infrastructure stock can be achieved in 10 years and not in 300 years,” he said. 

“Building megacities in every geopolitical zone of the size and scale of Lagos must not take us another six decades. We can do it in one decade. A fully networked and connected Nigeria by rail, gas, fibre optics and road network can be constructed in less than 20 years.”

Tinubu added that establishing thriving industrial zones in every part of Nigeria is possible before 2030. 

Private sector players were also advised by Tinubu to craft strategies that have the relentless backing of collective will.