• FG targets $1 trillion economy and 7% annual growth under new DGAS plan
• Inflation to fall to single digits within two years, says Finance Minister
• Government, CBN to operate unified policy dashboard to drive reforms
Nigeria’s Federal Government (FG)has launched an ambitious plan to double the nation’s Gross Domestic Product (GDP) and reduce inflation to single digits by 2027 under a new policy framework known as the Disinflation and Growth Acceleration Strategy (DGAS).
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The initiative, unveiled by Doris Uzoka-Anite, Minister of State for Finance, at the Central Bank of Nigeria’s (CBN) Executive Policy Seminar in Abuja, aims to integrate fiscal and monetary coordination to achieve sustained growth of over seven percent annually.
According to the minister, “Nigeria’s goal is to generate a GDP growth rate above seven percent per annum by 2027. Mathematically, that means by 2037, we would have doubled Nigeria’s GDP.”
DGAS, jointly developed by the Ministry of Finance and the CBN, follows earlier economic reforms on foreign exchange and energy pricing liberalisation. It seeks to consolidate those gains by unlocking real sector productivity, expanding domestic output, and fostering job creation.
The framework introduces a single-window policy engine integrating development finance, private capital mobilisation, and performance management. Through this system, fiscal spending and monetary tools will align to ensure non-inflationary growth.
Performance targets include cutting inflation to single digits within 24 months, achieving seven percent non-oil GDP growth, and creating five million new jobs.
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Uzoka-Anite explained that the plan’s nine policy pillars focus on industrialisation, technology, energy expansion, and regulatory reforms designed to “convert policy ambition into implementable actions.”
DGAS also includes the establishment of Special Industrial Economic Zones to attract investors with ready access to land, energy, and infrastructure. The government intends to use these zones to replicate success stories like the Dangote Refinery model across key sectors including agriculture, mining, and manufacturing.
The strategy further seeks to train 10 million youths annually in technical and vocational skills relevant to priority sectors while expanding access to consumer credit through the National Consumer Credit Platform.
In a statement signed by Uzoka-Anite, she noted that DGAS “bridges fiscal intent with monetary execution,” ensuring that credit incentives, FX reforms, and budgetary priorities work in tandem rather than in conflict.
The government also plans a sweeping review of regulations hindering enterprise, estimating that eliminating redundant rules could lift GDP growth by up to three percent yearly.
If successfully implemented, DGAS could mark Nigeria’s most coordinated economic reform effort yet—linking monetary discipline with fiscal expansion to move the nation closer to President Bola Tinubu’s $1 trillion GDP target by 2037.
