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Nigeria on Track for $1 Trillion Economy by 2030, Finance Ministry Says

Nigeria on Track for $1 Trillion Economy by 2030, Finance Ministry Says

From Vanguard · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement Ongoing story
  • Nigeria’s Finance Ministry said the country remains on course for a $1 trillion economy by 2030.
  • Real GDP grew 4.43% year on year in the second quarter of 2026.
  • The Q2 growth rate exceeded the 4.23% recorded in Q2 2025 and the 3.89% recorded in Q1 2026.

Nigeria’s Finance Ministry says the country remains on course to build a $1 trillion economy by 2030, pointing to faster economic growth in the second quarter of 2026.

Real GDP expanded 4.43% year on year in the quarter, compared with 4.23% in the second quarter of 2025 and 3.89% in the first quarter of 2026.

In a statement, the ministry said the figures showed that Nigeria’s economy continued to demonstrate resilience while growth accelerated.

About this summary

Originally published by Vanguard in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.