The Federal Government has unveiled a comprehensive fiscal and investment blueprint aimed at accelerating economic growth, mobilising large-scale investments and creating more jobs in 2026, as Nigeria moves from economic stabilisation into a full expansion phase.
The strategy, known as the Growth Acceleration and Investment Mobilisation Strategy, signals the second wave of reforms under the current administration and places productivity, capital formation and private sector-led growth at the centre of Nigeria’s economic agenda.
Minister of State for Finance, Dr. Doris Uzoka-Anite, said the Federal Ministry of Finance would anchor the implementation of the strategy, with a focus on strengthening macroeconomic stability and positioning Nigeria as a preferred destination for long-term foreign direct investment. She noted that 2026 would mark the transition from stabilisation to expansion, with government efforts geared towards scaling output, deepening domestic value creation and placing the economy on a credible path towards a $1 trillion GDP by 2036.
According to her, achieving the $1 trillion economy target will depend on building an open, export-oriented economy with strong domestic demand while localising key supply chains to fully utilise Nigerian raw materials, labour and intellectual property. This approach, she explained, aligns with the Nigeria First Policy and is expected to unlock significant opportunities for local manufacturers, agribusinesses and small and medium-sized enterprises.
She said the growth strategy is anchored on macroeconomic predictability, clear sectoral investment pathways and disciplined policy execution, all of which are critical for restoring investor confidence and lowering the cost of capital for businesses. Stable inflation, predictable exchange rates and consistent fiscal policies are expected to reduce uncertainty for investors and enable MSMEs to plan, expand and access financing more easily.
Uzoka-Anite said the government will maintain close coordination between fiscal and monetary authorities to support disinflation, exchange rate stability and orderly credit conditions. This alignment, she noted, is designed to compress sovereign risk premiums and restore Nigeria’s investment-grade fundamentals over the medium term, creating a more supportive environment for private investment and enterprise growth.
She explained that Nigeria will pursue a sector-driven growth model that combines export expansion with rising domestic demand, while dismantling regulatory and pricing barriers that have constrained enterprise growth. By removing price controls and market access restrictions, the government expects entrepreneurial capital to flow more freely, particularly into sectors that offer strong linkages to MSMEs such as agribusiness value chains, manufacturing, housing, healthcare, digital services, logistics, creative industries and solid minerals.
The minister added that federal ministries, state governments and development partners will align around a common investment framework built on policy clarity, bankable projects and rapid removal of regulatory bottlenecks. This coordinated approach is expected to open new opportunities for small businesses to integrate into export markets, supply chains and large-scale industrial projects, including efforts to rebuild Nigeria’s cocoa production, processing and export capacity in line with international standards.
She further stated that deepening Nigeria’s capital and insurance markets will be central to funding long-term growth, infrastructure and productive enterprise. Reforms will focus on expanding long-term local currency financing, improving market transparency and strengthening investor protections, while encouraging greater participation by pension funds and insurance firms in financing businesses and infrastructure.
Capital formation, she said, remains at the heart of the growth strategy, with the government deploying blended finance instruments, credit enhancements and partnerships with development finance institutions to lower investment risks. These measures are designed to crowd in private capital and improve access to finance for MSMEs operating in priority sectors.
Uzoka-Anite said expanding consumer credit and financial inclusion will ensure that growth reaches households, microenterprises and informal businesses. By working with financial institutions, fintechs and credit guarantee schemes, the government aims to scale responsible lending, support first-time borrowers and strengthen women- and youth-led enterprises without fueling inflation.
She added that the Federal Ministry of Finance will assume responsibility for development finance coordination, with domestic institutions such as the Bank of Industry and the Nigerian Export-Import Bank expected to play a central role in de-risking priority sectors and mobilizing long-term capital.
To support fiscal sustainability, she said the government will also strengthen non-oil revenue through improved compliance, digital revenue systems and greater transparency across federal agencies, reducing pressure on businesses while funding critical growth initiatives.
