The Federal Government has unveiled a comprehensive economic strategy aimed at accelerating growth, attracting investments, and creating jobs as Nigeria shifts from economic stabilization to expansion.
The plan, anchored by the Federal Ministry of Finance, is designed to strengthen macroeconomic stability and position Nigeria as a leading destination for long-term foreign direct investment. The government says the economy is entering a transition phase focused on increasing output, expanding domestic value creation, and setting Nigeria on a path toward a one-trillion-dollar GDP by 2036.
According to the strategy, growth will be driven by an open, export-oriented economy supported by strong domestic demand, while key supply chains will be localized to make greater use of Nigerian raw materials, labour, and intellectual property under the Nigeria First Policy.
The government said ongoing reforms are targeted at lowering investment risk, unlocking private capital, and delivering sustainable returns for investors while expanding economic opportunities for citizens.
The strategy is built on three core pillars: predictable macroeconomic policies, clearly defined sector-specific investment pathways, and disciplined policy execution. Authorities emphasized the importance of stable inflation, exchange rates, and fiscal policies to reduce uncertainty for businesses and investors.
Priority sectors identified include energy and gas-based industrialisation, agriculture and food value chains, manufacturing, housing and urban infrastructure, healthcare, digital services, creative and tourism industries, logistics and export infrastructure, and solid minerals.
The government plans to deepen coordination between fiscal and monetary authorities to support price stability, reduce sovereign risk, and lower the cost of capital. It also intends to remove price controls and regulatory barriers in key sectors to encourage competition, entrepreneurship, and capital inflows.
Capital formation is a central focus of the strategy, with plans to expand long-term financing through capital markets, insurance reforms, and partnerships with development finance institutions. These measures are expected to support infrastructure development, housing, and productive sectors of the economy.
The government also said it will prioritise consumer credit expansion and financial inclusion to ensure growth reaches households, small businesses, and underserved communities, while supporting domestic demand and productivity.
To improve fiscal sustainability, the strategy includes strengthening non-oil revenue through improved compliance, digital revenue systems, and greater transparency. New revenue optimisation tools and electronic payment systems are expected to enhance accountability and visibility across government finances.
Engagement with domestic and international investors is set to intensify through structured investment dialogues, co-financing platforms, and sector-focused initiatives. A central investor desk within the Ministry of Finance will coordinate communication with investors, development finance institutions, and market analysts.
The government said the private sector will remain central to Nigeria’s economic transformation, with the state acting as a catalyst to remove obstacles, mobilise investment, and ensure consistent delivery of reforms aimed at long-term stability and shared prosperity.
