Published by Cyril | August 30, 2025
Nigeria’s march towards a $1 trillion economy by 2030 will depend heavily on youth empowerment, digital transformation, and economic stability, according to stakeholders at the NACCIMA Youth Entrepreneur National Youth Summit 2025 held in Abuja.
President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Dr. Jami Ibrahim, said Nigeria’s youth remain the central drivers of the nation’s economic future.
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“Nigeria’s ambition of building a one trillion dollar economy by 2030 is bold, but it is also very achievable. The road lies in digital transformation, innovation-driven entrepreneurship, and robust policy frameworks that enable young people to thrive,” Ibrahim stated.
He called on lawmakers to create business-friendly legislation that protects young entrepreneurs, stressing that small and medium-sized businesses will be the backbone of Nigeria’s economic turnaround.
The Minister of Youth Development, Ayodele Olawande, represented by Mr. Ugonna Aneke, echoed this view, noting that Nigeria’s youthful population is the nation’s greatest asset. He emphasized the need for sustainable innovation that balances economic growth with environmental stewardship and social inclusion.
Meanwhile, global economic experts note that strong currency stability and financial reforms will also be critical for Nigeria to achieve its trillion-dollar ambition. Presently, some countries, including Ecuador, Panama, El Salvador, Montenegro, and Zimbabwe, operate without their own national currencies—adopting stronger ones like the US dollar or the Euro to stabilize their economies.
Analysts argue that while Nigeria still maintains the naira, the country must strengthen its monetary policies, curb inflation, and boost investor confidence to ensure macroeconomic stability.
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Chairman of the House Committee on Petroleum Resources (Upstream), Alhassan Doguwa, also challenged the government to do more to support youth-oriented policies.
- “Despite the efforts being made, they may not be good enough. Nigerian youth hold the key to our economic development, and we must ensure they are given every opportunity to thrive,” Doguwa said.
The summit, described as the first of its kind, brought together government officials, business leaders, and youth entrepreneurs to discuss strategies for unlocking Nigeria’s human capital potential.
With the right blend of youth empowerment, digital innovation, and sound financial management, stakeholders believe Nigeria can meet its trillion-dollar economy target and stand tall among the world’s leading economies.
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