The National Economic Council (NEC), has approved a comprehensive roadmap towards achieving a $1 trillion Nigerian economy by 2030.

The NEC gave the approval during its 153rd meeting at the Presidential Villa, Abuja, the sixth in 2025. The meeting was attended by President Bola Tinubu, Senate President Godswill Akpabio, Senate Leader, Opeyemi Bamidele; Deputy Speaker of the House of Representatives Benjamin Kalu; Secretary to the Government of the Federation (SGF), George Akume and many state governors.

The session, which was chaired by Vice President Kashim Shettima, also approved the expansion of its ad hoc Committee on Crude Oil Theft Prevention and Control to include oversight of Nigeria’s solid minerals sector, amid growing concerns over illegal mining and loss of national revenue.

Presenting a memo to the Council, Minister of Budget and Economic Planning Abubakar Bagudu outlined key strategies to deepen cooperation among the federating units and sustain the ongoing reforms that drive macroeconomic stability, national security, and inclusive growth.

Some of the key resolutions proposed and approved by the NEC, include regular briefings on economic stability, sustained infrastructure collaboration, and enhanced security funding.