Nigeria needs faster growth to hit $1tn GDP — AIESEC
Nigeria must significantly accelerate its economic growth to achieve its $1tn GDP ambition by 2030, as the current trajectory is insufficient, AIESEC has s Read More: https://punchng.com/nigeria-needs-faster-growth-to-hit-1tn-gdp-aiesec/
The AIESEC Alumni Nigeria has warned that Nigeria must significantly accelerate economic growth to reach its goal of a $1tn GDP by 2030. The country's current growth trajectory is insufficient to meet the target, and the organisation stressed the need for sustained investment, higher productivity, stronger infrastructure, and consistent economic policies.
Nigeria's nominal GDP in 2025 stands at approximately $290.79bn, and according to AIESEC, it would require a compound annual growth rate of about 28.02% between 2026 and 2030 to achieve the $1tn target. However, historical trends suggest that Nigeria would fall short of the target if it continues on its current trajectory. The $1tn ambition requires a fundamental shift in the country's economic trajectory, not just business as usual.
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