Nigeria Targets 18.8% Debt-to-GDP, 18.7% Revenue By 2030

The Federal Government has set a target to cut Nigeria’s public debt from 36.07 per cent of Gross Domestic Product (GDP) in 2025 to 18.83 per cent by 2030, while raising government revenue from 11.15 per cent to 18.70 per cent of GDP within the same period.
The ambitious fiscal targets are part of the government’s roadmap to strengthen Nigeria’s fiscal position, reduce the cost of servicing debt and ultimately secure an investment-grade credit rating by 2030.
Minister of State for Budget and Economic Planning, Dr. Doris Uzoka-Anite, disclosed this yesterday at the 2026 International Credit Rating Webinar organised by DataPro Limited, with the theme, “Achieving Investment-Grade Rating ...