Strategic Policy Action Key To Nigeria’s $1Trn Growth Target – Analysts

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Economic experts at Proshare have advised the urgent need to fix the Nigerian Exchange to enable Nigeria meet the $1 trillion target set by the Federal Government by 2030.

The analysts, in the firm’s just released ‘Nigeria’s Capital Market Outlook Report 2025: The Capital Market and The Quest for USS$1trillion Economy’ noted that the nation’s capital market had grown in strength and resilience over the last two decades.

However, they believe that despite the growth recorded by the local bourse, it has yet to provide the long-term funds needed to rapidly grow domestic infrastructure and provide an efficiently priced and market-determined funding stream.

Specifically, the experts primarily linked the capital market’s constraints to shallowness and limited breadth.

On the way out of the challenges, analysts who worked on the report canvassed: ‘If Nigeria hopes to achieve a US$1trn by 2030, then the capital market needs major fixing. From US$364bn in 2023 to US$1trn in 2030 implies a compound nominal annual growth rate of 22.40%, with a 2025 federal government GDP growth projection of 4.6%; hell would freeze over before Nigeria achieves its desired goal, even with the well-intentioned statistical adjustments of a rebasing of the nation’s total national output.”

The Proshare economists maintained that while the rebasing offered the government the incentive of realizing how closer the country is in bridging the gap between the current state and the quest for a US$1 trillion economy, the government needed to accelerate its shift from campaign ground promises to ‘strategic policy action and execution’. 

The analysts concluded that the miracles needed now “are the opportunities we create from moments such as this, building momentum that energizes markets.”

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