Echotitbits – Nigeria News

Tag: GDP

  • Nigeria construction output hits ₦13.83tn as activity strengthens on investor confidence

    Nigeria construction output hits ₦13.83tn as activity strengthens on investor confidence

    Figures cited by Punch show Nigeria’s construction sector produced ₦13.83tn in nominal output over the first nine months of 2025, pointing to a rebound in activity.

    Analysts tie the momentum to improved sentiment and project execution, though material costs, FX exposure, and logistics remain major constraints on margins and delivery timelines.

    Construction performance often signals wider economic spillovers—jobs, cement demand, and infrastructure effects that feed into manufacturing and services.

    Echotitbits take: The rebound is real, but durability depends on financing depth and stable input costs. Watch for Q4 prints, whether mortgage/real-estate credit expands, and how quickly major public works translate into verifiable on-ground output.

    Source: The Punch — January 4, 2026 (https://punchng.com/investor-confidence-lifts-construction-output-to-n13-83tn/#google_vignette)

    The Punch January 4, 2026

    Photo Credit: The Punch

  • Federal Government Targets $1 Trillion GDP Through Radical Investment Mobilization

    Federal Government Targets $1 Trillion GDP Through Radical Investment Mobilization

    According to The Guardian Nigeria, the Federal Government has unveiled a strategic roadmap to propel Nigeria toward a $1 trillion Gross Domestic Product (GDP) by 2036. The 2026 phase of this plan focuses on ‘stabilization to expansion,’ prioritizing the removal of regulatory barriers to unlock private capital.

    The Minister of State for Finance, Dr. Doris Uzoka-Anite, emphasized that the government is moving away from purely fiscal management to a sector-led growth model. This involves fast-tracking ‘bankable projects’ in agriculture, manufacturing, and tech to attract both domestic and foreign investors.

    Proshare confirmed the policy direction, reporting that ‘the FG outlines key policies to accelerate growth and job creation’ in the coming months. AllAfrica further validated the story, stating that ‘2026 marks a turning point’ where the government will pivot decisively toward attracting long-term capital.

    Echotitbits take: Ambition is good, but the $1 trillion target requires consistent double-digit growth, which Nigeria hasn’t seen in decades. The success of this agenda hinges entirely on whether the government can provide ‘policy clarity’ that actually survives the frequent shifts in political leadership.

    Source: The Guardian — https://guardian.ng/news/fg-targets-1tr-economy-through-investment-local-production/
    The Guardian January 3, 2026

    Photo Credit: The Guardian