The National Economic Council (NEC) has endorsed a comprehensive roadmap aimed at achieving a $1 trillion Nigerian economy by 2030, reaffirming the government’s commitment to macroeconomic stability, security, and inclusive growth.
The decision was reached at the Council’s 153rd meeting chaired by Vice President Kashim Shettima at the Presidential Villa, Abuja, with President Bola Tinubu and several governors in attendance.
Presenting the roadmap, Minister of Budget and Economic Planning, Abubakar Bagudu, said it builds on ongoing fiscal and structural reforms to drive productivity, infrastructure investment, and collaboration across federal and state levels.
To strengthen national security and safeguard critical resources, NEC expanded its Committee on Crude Oil Theft to also cover the solid minerals sector, following rising cases of illegal mining.
The expanded committee, chaired by Governor Hope Uzodimma, will work with security agencies and industry regulators to curb resource theft.
In a related move, the Council approved the creation of a Committee on Security Investment Mobilisation and a high-level panel to revamp training institutions for security agencies nationwide.
The latter is chaired by Governor Peter Mbah of Enugu State, with former IGP Usman Baba as secretary.
Bagudu noted that coordinated reforms under President Tinubu’s Renewed Hope Agenda have already boosted crude production to 1.7 million barrels per day, laying the groundwork for sustained growth and stability.