The National Economic Council (NEC) has approved a comprehensive roadmap to achieve a $1 trillion Nigerian economy by 2030.
The 153rd NEC meeting, chaired by Vice President Kashim Shettima at the Presidential Villa, Abuja, was attended by President Bola Tinubu, Senate President Godswill Akpabio, Secretary to the Government of the Federation George Akume and several state governors.
Minister of Budget and Economic Planning, Abubakar Bagudu, presented the roadmap, outlining strategies to deepen collaboration among federal, state and local governments. He said ongoing macroeconomic reforms, improved security, and grassroots infrastructure programmes have laid the foundation for growth.
Six key resolutions were adopted, including regular economic briefings, enhanced security funding, and sustained infrastructure partnerships. NEC also approved the creation of a Security Investment Mobilisation Committee and expanded the existing Crude Oil Theft Committee to cover solid minerals such as gold.
Governor Hope Uzodimma of Imo State, who leads the oil theft committee, revealed that daily crude oil output has risen to over 1.7 million barrels from 800,000 barrels before May 2023. He attributed the progress to joint efforts between security agencies and oil-producing states.
Additionally, Kaduna State Governor Uba Sani announced a new high-level committee to overhaul training institutions for security agencies. Chaired by Enugu Governor Peter Mbah, the team includes governors from Ogun, Taraba, Akwa Ibom, Zamfara and Nasarawa, with former IGP Usman Baba serving as secretary.
The committee has one month to inspect facilities and submit recommendations, aligning with Tinubu’s vision for a secure and prosperous $1 trillion economy by 2030.
