President Bola Tinubu on Monday said Nigeria is on track to becoming a $1trn economy by 2030.

The Institute of Chartered Accountants of Nigeria (ICAN) has urged the Federal Government to take decisive steps in tackling the major economic challenges facing the country. 

According to Ogun State Governor, Prince Dapo Abiodun, his state has begun emerging as the powerhouse in Nigeria through deliberate policies aimed at implementing local initiatives to transform the lives of the people, as well as supporting federal government policies for national development. 

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced in Lagos that the federal government has ceased funding its financial obligations through Ways and Means.  

During their meeting in Beijing, China, President Bola Tinubu and Chinese President Xi Jinping pledged to strengthen trade and economic cooperation between the two countries. 

According to Bismarck Rewane, a popular economist and the Chief Executive Officer of Financial Derivatives, Nigeria’s $1 trillion economy target under President Bola Ahmed Tinubu will not be possible in the next four to five years.