From 3.1% to 7%: Tinubu sets ambitious growth goal for 2027

Nigeria’s president has set a target of 7% annual economic growth, aiming to lift the country out of its financial struggles. In the first quarter, Nigeria’s economy grew by 3.13%, a figure boosted by a rebasing of its gross domestic product (GDP).

This exercise increased the GDP size to $243.55 billion, but the growth rate was slower than expected. While addressing the federal cabinet, President Tinubu stated that the reforms…