The Federal Government has expressed strong confidence in achieving President Bola Tinubu’s ambitious target of a $1 trillion Gross Domestic Product (GDP) by 2030.

For the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, he affirmed this goal as “achievable” during a meeting with a visiting European Union (EU) Parliamentary Committee on Foreign Affairs.

Minister Bagudu emphasized that the administration’s economic blueprint is heavily reliant on the private sector, which is expected to provide a significant 86 percent of the investment required to hit the $1 trillion mark.

“Our President has set a clear target for Nigeria to achieve a one trillion-dollar GDP by 2030,” the Minister told the EU delegation led by Mr. David McAllister.

He added that the government is pursuing double-digit economic growth that is inclusive, responsible, and environmentally sustainable, crediting ongoing reforms for placing the economy on a more sustainable path.

The EU delegation, which described Nigeria as its largest trade and investment partner in Africa, announced a N320.5 billion (€190 million) credit line to Nigerian commercial banks to boost lending to the agricultural sector, aligning with the EU’s Global Gateway Project.