Non-oil revenue hits N16.4 trillion, 96% of Nigeria’s GDP – Tinubu

Résumé détaillé

President Bola Tinubu on Thursday said Nigeria has began harvesting the benefits of economic diversification with about 96 per cent of…

… says FG targets 86% private capital to drive $1 trillion economy by 2030

President Bola Tinubu on Thursday said Nigeria has began harvesting the benefits of economic diversification with about 96 per cent of Nigeria’s Gross Domestic Product, coming from the non-oil activities.

The President, speaking at the public presentation of the book, ” Economic Diversification and Structural Transformation in Nigeria: Past, Present and Future”, written by Abudulmumin Jibrin, at the presidential Villa, Abuja on Thursday, attributed recent economic gains, including external reserves of 55 billion dollars, non-oil revenue growth from ₦13.63 trillion in 2023 to ₦16.4 trillion in the first half of 2026, to the reforms introduced by his administration since 2023.

The President who was represented by Tajudeen Abbas, Speaker, House of Representatives, said his administration’s task ” has moved from stabilisation to shared prosperity, and our compass points firmly to a one-trillion-dollar economy by 2030, charted in the Medium-Term National Development Plan 2026–2030″

He noted that for too long, Nigeria had made boundless promises tied to a single product, with its budget, currency and the livelihoods of millions rising and falling with the tides of a distant oil market.

“We floated on the fragile illusion of oil wealth while the foundations beneath us cracked.”

He recalled that when he assumed office the country had only two choices either to continue on the “comfortable road of cosmetic remedies that had led us to the edge of the cliff. The other was the hard road of surgery to save the patient. We chose reform over ruin”.

The President appealed to the private sector to support the federal government, as it cannot build the targeted one trillion-dollar economy alone.

“Wealth is created by enterprises that invest, innovate, manufacture and export. Our duty is to clear the path before them.

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