Nigeria’s path to a $1 trillion economy is not out of reach, but it demands urgency. Africa’s most populous nation must grow five times faster than its current pace to hit that target within the next five years, according to the World Bank.
The Washington-based lender revealed this at the launch of the May 2025 Nigeria Development Update (NDU), where it said while the various macroeconomic reforms embarked by the authorities have placed the country at a better pedestal, they are not on their own sufficient to effect sustained growth.
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