Federal Government’s Economic Team Moves to Strengthen Policy Coordination, Targets $1 Trillion Economy

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By our Correspondent

Nigeria’s economic management team has convened a high-level strategy meeting aimed at reinforcing alignment across the country’s key economic coordinating ministries, signalling a renewed push for fiscal discipline and accelerated growth.

The meeting, which brought together top officials from the nation’s finance and budget planning ministries, focused on optimising revenue performance, advancing fiscal reforms, and ensuring efficient budget execution, according to a statement on the deliberations.

In attendance were the Minister of Finance, Taiwo Oyedele, the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, the Director-General of the Budget Office, Tanimu Yakubu, and the Permanent Secretary of the Federal Ministry of Budget and Economic Planning, Dr. Deborah Odoh.

Discussions at the strategic parley underscored a unified commitment to revitalising the power sector—widely seen as a critical enabler of industrial growth—while driving implementation of the National Development Plan.

Operating as a single, cohesive unit, the economic team reaffirmed its mandate to deliver on President Bola Tinubu’s “Renewed Hope” agenda. The government has set an ambitious target of growing Africa’s largest economy to $1 trillion, a goal officials say will require sustained structural reforms and close inter-ministerial collaboration.

The latest meeting signals a coordinated push to translate policy announcements into measurable outcomes, particularly in revenue generation, budget implementation, and critical infrastructure investment. (GSF)

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