FG Unveils 2026 Growth Acceleration Strategy to Drive Jobs and Investment
The Federal Government of Nigeria has officially launched the 2026 Growth Acceleration Strategy, a comprehensive economic roadmap designed to stimulate job creation, attract domestic and foreign investment, and ensure macroeconomic stability.
The strategy, unveiled by the Ministry of Finance and the Coordinating Minister of the Economy, Wale Edun, outlines a series of fiscal and monetary interventions aimed at transitioning the Nigerian economy from stabilization to sustainable expansion.
Core Objectives of the 2026 Strategy
The Growth Acceleration Strategy is built on four primary pillars intended to address the current economic challenges while laying the groundwork for long-term prosperity:
Job Creation and Human Capital: A central focus on reducing the unemployment rate by incentivizing labor-intensive sectors such as agriculture, manufacturing, and the digital economy.
Investment Attraction: Streamlining the regulatory environment to increase Foreign Direct Investment (FDI) and encouraging local institutional investors to participate in national infrastructure projects.
Sectoral Diversification: Reducing the nation’s over-reliance on oil revenue by boosting the productivity of the non-oil sector, particularly solid minerals and creative industries.
Macroeconomic Stability: Strengthening the fiscal framework to manage inflation, stabilize the Naira, and optimize revenue collection through the implementation of the new tax reforms.
Implementation Framework
According to the Federal Government, the 2026 strategy will be driven by a "whole-of-government" approach, ensuring synergy between the Ministry of Finance, the Central Bank of Nigeria (CBN), and relevant trade agencies.
A key component of the plan includes the National Investment Oversight Committee, which will monitor the ease of doing business and remove bureaucratic bottlenecks that have historically hindered large-scale industrial projects.
Key Targets for 2026
The strategy sets ambitious benchmarks for the fiscal year, including:
GDP Growth: Aiming for a consistent upward trajectory in the Gross Domestic Product through increased industrial output.
Infrastructure Funding: Utilizing Public-Private Partnerships (PPPs) to close the infrastructure gap without over-leveraging the national debt.
SME Support: Facilitating easier access to low-interest credit for Small and Medium Enterprises (SMEs) to spur grassroots economic activity.
Economic Context
The unveiling of this strategy follows the recent passage of the 2026 National Budget. It serves as the execution blueprint for the government’s fiscal targets, responding to the need for accelerated growth following a period of intensive economic reforms and subsidy removals.
Officials state that the 2026 Growth Acceleration Strategy is designed to be "inclusive," ensuring that the benefits of economic expansion reach both urban centers and rural communities through targeted social intervention programs and regional development projects.
