The Federal Government is targeting a $1 trillion economy by 2030, aiming to boost per capita income to $33,000 and attract $100 billion in annual private-sector investment, with agribusiness central to this plan.
Speaking at the Nigeria Agribusiness Group 2026 Presidential Agricultural Policy Dialogue in Abuja, Minister of Budget and Economic Planning Senator Abubakar Bagudu highlighted agriculture, livestock, fisheries, and agro-processing as key sectors for economic diversification and private-sector growth.
Bagudu noted that the government is combining Agenda 2050, a long-term national framework, with the Renewed Hope Agenda to create the right environment for investors and producers, supporting opportunities across the entire agricultural value chain, from farming to marketing.
He admitted Nigeria is still far from its ambitious goals but stressed that strategic policies, financing, and partnerships are being implemented to modernise agriculture and move the country closer to its economic targets.
