The Minister of State for Finance, Doris Uzoka-Anite, has stated that for Nigeria to attain its projected $1 trillion economy, the country must attain and sustain annual economic growth of between 10 and 12 per cent over the next decade.
She stated this at the 2026 Annual General Meeting of the Finance Correspondents Association of Nigeria in Abuja where she was represented by the Assistant Director of Information and Public Relations at the ministry, Uloma Amadi.
She described the $1tn economy agenda as “a specific, measurable destination,” adding that the administration was pursuing structural reforms aimed at laying the foundation for long-term expansion.
According to Uzoka-Anite, when the current administration assumed office in 2023, Nigeria’s economic fundamentals were “structurally distorted,” citing fuel subsidy payments of over N5tn annually and a multiple exchange rate regime that, she said, encouraged rent-seeking and weakened investor confidence.
She noted that in January 2026, S&P Global Ratings revised Nigeria’s outlook to positive while affirming its B-/B credit ratings, citing improvements across fiscal, monetary, and external indicators.
