{"id":16320,"date":"2026-11-12T19:31:42","date_gmt":"2026-11-12T19:31:42","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/12\/nigeria-has-left-emergency-ward-targets-1trn-economy-by-2030-tinubu\/"},"modified":"2026-11-12T19:31:42","modified_gmt":"2026-11-12T19:31:42","slug":"nigeria-has-left-emergency-ward-targets-1trn-economy-by-2030-tinubu","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/12\/nigeria-has-left-emergency-ward-targets-1trn-economy-by-2030-tinubu\/","title":{"rendered":"\u200eNigeria has left \u2019emergency ward,\u2019 targets $1trn economy by 2030 \u2013 Tinubu"},"content":{"rendered":"<div><img loading=\"lazy\" width=\"747\" height=\"616\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/\u200eNigeria-has-left-emergency-ward-targets-1trn-economy-by-2030-\u2013-Tinubu.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Explainer: What INEC's 2023 results in Rivers and Delta actually show\" decoding=\"async\" srcset=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/\u200eNigeria-has-left-emergency-ward-targets-1trn-economy-by-2030-\u2013-Tinubu.jpg 747w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2026\/09\/tinubu--300x247.png 300w\" sizes=\"auto, (max-width: 747px) 100vw, 747px\"><\/p>\n<p class=\"wp-block-paragraph\">\u200e<br \/>\u200eBy Johnbosco Agbakwuru<br \/>\u200e<br \/>President Bola Tinubu on Thursday declared that Nigeria\u2019s economy has moved \u201cfrom stabilisation to shared prosperity,\u201d citing non-oil exports above $6 billion, external reserves of about $55 billion, and a target of a $1 trillion economy by 2030.<br \/>\u200e<br \/>\u200eSpeaking at the public presentation of Economic Diversification and Structural Transformation in Nigeria: Past, Present and Future, authored by Honourable Abdulmumin Jibrin Kofa, Tinubu said the country had abandoned \u201ccosmetic remedies\u201d for what he called the \u201chard road of surgery.\u201d<br \/>\u200e<br \/>\u200eAccording to him: \u201cFor too long, Nigeria\u2019s story was a song sung in a single note. We were a nation of boundless promise tied to a single product, our budget, our currency and the livelihoods of millions rising and falling with the tides of a distant oil market. We floated on the fragile illusion of oil wealth while the foundations beneath us crackborders.<br \/>\u200e<br \/>\u200e\u201dWhen I took the oath of office, I did not inherit a calm sea; I inherited a gathering storm: a collapsing naira, debt service that swallowed nearly all our revenue, depleted reserves, a fuel subsidy that bled our treasury dry, and factories falling silent as industries and jobs fled across our borders.\u201d<br \/>\u200e<br \/>\u200eThe President said his administration inherited \u201ca gathering storm,\u201d including \u201ca collapsing naira, debt service that swallowed nearly all our revenue, depleted reserves, a fuel subsidy that bled our treasury dry, and factories falling silent.\u201d<br \/>\u200e<br \/>\u200e\u201cWe chose reform over ruin. We removed the fuel subsidy. We unified the exchange rate. These were not easy decisions, and I know the weight they placed on every household. But they were necessary, and today the pain is yielding its promise.\u201d<br \/>\u200e<br \/>\u200eHe stated that non-oil activities now account for about 96 per cent of Gross Domestic Product, while non-oil exports have crossed $6 billion, which he described as the highest in Nigeria\u2019s history.<br \/>\u200e<br \/>\u200eTinubu also said external reserves had risen to about $55 billion, representing \u201cmore than fourteen months of import cover,\u201d and that non-oil revenue had grown from \u20a613.63 trillion in 2023 to \u20a616.4 trillion in the first half of 2026.<br \/>\u200e<br \/>\u200eThe President said government alone cannot build a $1 trillion economy, adding that wealth must be created by enterprises that \u201cinvest, innovate, manufacture and export.\u201d<br \/>\u200e<br \/>\u200e\u201cOur duty is to clear the path before them,\u201d he said. \u201cThat is why our 2025 budget introduced a first-of-its-kind De-risking Framework to draw in private capital, which we expect to provide 86 per cent of the investment our 2030 goal demands.\u201d<br \/>\u200e<br \/>\u200eHe said the administration was harmonising taxes and ending \u201cthe menace of multiple taxation.\u201d<br \/>\u200e\u201cWe cannot tax our way into prosperity; we must produce our way there,\u201d Tinubu said.<br \/>\u200e<br \/>\u200eThe President said the administration had \u201cfought for Mambilla,\u201d winning a $3.38 billion arbitration at the International Chamber of Commerce in Paris and freeing \u201ca project held hostage for more than nine years.\u201d<br \/>\u200eHe added that Geregu Power is moving to raise its capacity to 1,300 megawatts, while the Port Harcourt and Warri refineries are \u201cstirring back to life.\u201d<br \/>\u200e<br \/>\u200eOn infrastructure, Tinubu listed the Kano\u2013Katsina\u2013Maradi railway, Lagos\u2013Calabar Coastal Highway, Sokoto\u2013Badagry Superhighway, Abuja\u2013Kaduna\u2013Kano Expressway, East\u2013West Road, Ibadan\u2013Ife\u2013Ilesa Expressway, Port Harcourt\u2013Enugu and Enugu\u2013Onitsha expressways, and the restoration of Carter Bridge.<br \/>\u200e<br \/>\u200eHe said 52 per cent of legacy highway mileage is in the North and 48 per cent in the South.<br \/>\u200e<br \/>\u200e\u201cWe are building fairly and deliberately, so that no zone is left behind and no citizen is a stranger to opportunity,\u201d he said.<br \/>\u200e<br \/>\u200eTinubu said more than 10,000 homes are rising across 14 states and the Federal Capital Territory under the Renewed Hope Cities and Estates Programme.<br \/>\u200eHe said the MOFI Real Estate Investment Fund had provided about \u20a6128 billion in mortgages to 1,859 families in 25 states, at a fixed rate of 9.75 per cent over 20 years.<br \/>\u200e<br \/>\u200e\u201cAs this market grows, so must the confidence of those who invest in it,\u201d he said. \u201cI will therefore work hand in hand with the National Assembly and stakeholders to establish a strong regulatory authority for housing and real estate.\u201d<br \/>\u200e<br \/>\u200eThe President also cited NELFUND, university solarisation, Bank of Industry loans and grants across all 774 local government areas, the 3MTT digital-skills programme, and 90,000 kilometres of fibre-optic infrastructure.<br \/>\u200e\u201cRoads and power lines are the skeleton of a nation; its people are its life,\u201d he said.<br \/>\u200e<br \/>\u200eTinubu commended Jibrin, the member representing Kiru\/Bebeji Federal Constituency in Kano State, whose years as a lawmaker and chairman of key National Assembly committees, including Finance and Appropriations, \u201clend these pages the weight of experience.\u201d<br \/>\u200e<br \/>\u200e\u201cThis is the essence of the book we present today,\u201d Tinubu said. \u201cIt looks back with honesty, looks around with clarity and looks ahead with courage.\u201d<br \/>\u200e<br \/>\u200eHe said: \u201cThe days of hardship are temporary; the foundations we are laying are permanent. Let us keep building until the world looks upon Nigeria and sees not promise deferred, but promise fulfilled.\u201d<br \/>\u200e<br \/>\u200eThe event was held at the State House Conference Centre in Abuja, with Governor Charles Soludo as keynote speaker, Alhaji Abdulsamad Isyaku Rabiu as book presenter and Dr Reuben Abati as reviewer.<\/p>\n<p>The post <a href=\"https:\/\/www.vanguardngr.com\/2026\/11\/nigeria-has-left-emergency-ward-targets-1trn-economy-by-2030-tinubu\/\">\u200eNigeria has left \u2019emergency ward,\u2019 targets $1trn economy by 2030 \u2013 Tinubu<\/a> appeared first on <a href=\"https:\/\/www.vanguardngr.com\/\">Vanguard News<\/a>.<\/p>\n<\/div>\n<p>Source: <\/p>\n<div class=\"nSourse\">Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u200e\u200eBy Johnbosco Agbakwuru\u200ePresident Bola Tinubu on Thursday declared that Nigeria\u2019s economy has moved \u201cfrom stabilisation to shared prosperity,\u201d citing non-oil exports above $6 billion, external reserves of about $55 billion,&hellip; <\/p>\n","protected":false},"author":1,"featured_media":16321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-16320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/16320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=16320"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/16320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/16321"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=16320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=16320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=16320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}