Tinubu sets 7% annual growth target by 2027

President Bola Tinubu has directed his economic team to pursue policies capable of lifting average annual GDP growth to 7% by 2027, with a longer-term ambition to quadruple the economy by 2030. Since 2023, the administration has scrapped fuel and electricity subsidies and moved the naira to a market-driven rate—reforms that improved macro indicators but triggered a steep cost-of-living squeeze. Tinubu also called for a review of revenue retention by agencies including the FIRS, Customs, and NNPC to boost fiscal space for investment, while independent analysts caution that productivity gains and credible savings plans are essential.

Source: https://www.reuters.com/world/africa/nigerias-tinubu-targets-7-economic-growth-by-2027-2025-08-14/