From Allafrica · · 1m 10s
Nigeria Needs 10% FDI for $1trn Economy
Nigeria requires 10% foreign direct investment to reach $1 trillion economy by 2030.
In brief
Nigeria requires 10% foreign direct investment to reach $1 trillion economy by 2030. Nigeria needs foreign direct investment over 10% of capital inflows and better electricity to hit $1 trillion economy by 2030. Originally reported by Allafrica.
Nigeria's $1trn Economy Target
Nigeria needs to raise foreign direct investment to more than 10 per cent of total capital inflows to hit $1 trillion economy by 2030.
“Nigeria needs to raise foreign direct investment to more than 10 per cent of total capital inflows and increase electricity supply to achieve its $1 trillion economy target”
Current Economic Status
Nigeria's nominal GDP stood at $285bn to $291bn in 2025, requiring 20 per cent annual growth to reach $1 trillion by 2030.
“Nigeria's nominal Gross Domestic Product (GDP) stood at an estimated $285bn to $291bn in 2025”
Growth Scenarios
Current growth of 4-4.5 per cent could reach $450bn by 2030, with $1 trillion by 2040.
“if the current trend of real growth of between four and 4.5 per cent continued, the economy could reach about $450bn by 2030”
Optimistic Growth
Six to seven per cent annual growth could push economy to $535bn by 2030 and cross $1 trillion by 2034.
“annual real growth of between six and seven per cent could raise the economy to about $535bn by 2030”
Electricity Constraints
Nigeria has 13,625 megawatts installed capacity but only 4,758MW available in February 2026.
“the country had an installed generation capacity of 13,625 megawatts but available capacity was about 4,758mw in february 2026”
Investment Needs
Nigeria needs more long-term capital in manufacturing, agro-processing, mining, logistics and digital economy.
“Nigeria needed to attract more long-term capital into manufacturing, agro-processing, mining, logistics and the digital economy”
Policy Continuity
Adesugba urged federal and state governments to maintain policy continuity ahead of 2027 elections.
“Adesugba urged the federal and state governments to maintain policy continuity ahead of the 2027 general elections”
The takeaway
Nigeria needs foreign direct investment over 10% of capital inflows and better electricity to hit $1 trillion economy by 2030.
