$1trn Economy: Nigeria Must Grow 28% Annually To Hit 2030 Target – Experts

Nigeria will need to sustain an annual compound growth rate of about 28 per cent over the next five years to achieve the federal government’s target of a $1 trillion economy by 2030, economic experts have said.
The experts, who spoke at the 42nd Omolayole Management Lecture (OML) held in Alausa, Ikeja, Lagos, said the ambitious target would require far more than Nigeria’s large population, stressing the need for higher productivity, savings, investment, policy consistency and stronger institutions.
The lecture, themed, “One Trillion Dollar Economy: What It Will Take Nigeria to Achieve the Goal,” brought together business and management experts to examine the country’s economic traject...