FG targets $1trn economy as Tinubu meets global investors in Paris

President Bola Ahmed Tinubu has engaged top global investors in Paris, France, as part of efforts to boost confidence in Nigeria’s economy and attract foreign investment.

At the high-level meeting, the president emphasised his administration’s commitment to transparency, fiscal discipline, and policy stability, noting that recent economic reforms were designed to eliminate distortions and stabilise key macroeconomic indicators.

Speaking during the session, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, revealed that Nigeria recorded a strong 11.2 percent GDP growth in dollar terms in 2025. He described the performance as a significant step toward the country’s ambition of building a $1 trillion economy by 2030.

Oyedele added that the government’s immediate priority is to ensure that ongoing reforms translate into tangible benefits for citizens. He also pledged that quarterly financial reports would be published to enhance transparency and accountability.

Also addressing investors, the Director-General of the Debt Management Office, Patience Oniha, assured participants of Nigeria’s prudent approach to borrowing, stressing a focus on sustainable debt management.

The meeting featured representatives from leading global financial institutions, including Citibank, Amundi, BlueCrest Capital Management, Ninety One, Kirkoswald Capital, Principal Finisterre, Prudential Global Investment Management, and Mesarete Capital, among others.

President Tinubu, who is on a three-nation trip, reiterated that his administration is deepening reforms across critical sectors, including improving transparency in the oil value chain and strengthening national security through measures such as police decentralisation and efforts to disrupt terrorist financing.

“The focus remains on policy stability and diligent execution to ensure these strategic shifts translate into concrete benefits for all Nigerians,” Tinubu said.

Some investors at the meeting commended the administration’s reform agenda and expressed optimism about Nigeria’s economic outlook. In response to a question on his post-2027 plans, the president pledged continued emphasis on fiscal discipline, transparency, and policy consistency.