Federal Government has unveiled a grassroots economic development plan to identify and boost economic opportunities across all 8,809 wards in Nigeria, as part of efforts to achieve a $1 trillion economy by 2030.
President Bola Tinubu, represented by the Minister of Budget and Economic Planning, Atiku Bagudu, announced the initiative at the 2025 Chartered Institute of Directors (CIoD) Conference in Abuja.
Tinubu explained that the mapping of ward-level economic activities will feed into the 2026–2027 Medium-Term Economic Plan and the 2026–2030 National Development Plan, aligning local, state, and federal priorities.
The President stressed that sustainable national growth depends on empowering people at the community level and attracting private sector investment, projecting $100 billion in annual investments, with 86% expected from private capital
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