Nigeria Sets Ambitious Plan Targeting Almost 8% Growth by 2028

Nigeria set an ambitious three-year growth target that leans heavily on the non-oil sector in Africa’s biggest oil-producing nation.

Growth is forecast to edge up to 4.7% next year from 4.6% in 2025 before advancing to 6% in 2027 and 7.9% the following year, according to projections by the Ministry of Budget and Economic Planning presented to the cabinet on Wednesday evening and seen by Bloomberg.