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Financial Experts through World Investment Summit Group in Nigeria, has reiterated President Bola Tinubu’s commitment to achieving a one trillion dollar economy in 2030.
The group said the Summit slated for 24th of April 2026 will have Heads of State from different countries to converge on Abuja to establish World Investment Hub in Nigeria.
At a Press Conference in Abuja, the Summit Group, through its Convener General, Adeniyi Adeyemi said the US$2 trillion economy will be achieved through the Renewed Hope Agenda of the current administration.
He said,”The Secretary to the Government of the Federation will be leading the Nigerian delegation to ceremonially ring the closing bell at the New York Stock Exchange, NASDAQ Stock Exchange, London Stock Exchange, Shanghai Stock Exchange, Frankfurt, Switzerland and Toronto Stock Exchange, a symbolic gesture aimed at boosting investor confidence and signalling transparency, order, and market readiness in the lead-up to WIS 2026″.
“The President’s steadfast ambition to build a US$1 trillion economy by 2030 is anchored on Nigeria’s immense potential, abundant resources, and the urgent need to fast-track economic development to meet the aspirations of its growing population.
Hosting WIS 2026 in Nigeria is strategic as Africa’s largest economy, a key AfCFTA player, and an emerging market hub, Nigeria provides both the symbolism and practicality needed to position developing economies at the heart of global investment flows”.
Adeniyi noted that,”Nigeria will not only unlock billions in new investments but also cement its position as Africa’s investment hub, align itself with the global SDGs agenda, and ensure sustainable, inclusive growth that benefits both current and future generations”.
Prince Adeyemi also maintained that RHA is poised to reposition Nigeria as a global economic hub with WIS.
“Nigeria’s growth trajectory is strengthening, investor confidence is returning, and the country is reclaiming its position as Africa’s largest and most dynamic economy”.
“As projected by global institutions, Nigeria is set on a path of sustained growth, positioning itself not just as a regional leader, but as a global investment destination of choice”, Adeniyi said.
The WIS group added that the World Investment Bank is to be established in Nigeria soon.
The WIS Convener General enumerated the Expected Outcomes to include: $500 billion+ in investment pledges and MoUs; Establishment of World Investment Bank with headquarters in Nigeria; At least 200 PPPs in priority sectors.
Other outcomes include; Establishment of an World Investment & Innovation Hub (Abuja) and Publication of the WIS 2026 Abuja Declaration among others
Another financial expert at the Press Conference, Dr. Sterling Elis from University of New York, Orleans said Nigeria’s growing population will afford the country the opportunity to realize its full potential among the committee of nations.
“The Summit strives to fill a gap in the global economic governance architecture by establishing a global platform for engaging policymakers, the private sector, and other stakeholders at the highest level on investment issues.
It offers participants a unique opportunity to influence investment-related policy making, shape the global investment environment, and network with global leaders in business and politics. It is recognized by governments and business leaders as the preeminent event for the international investment community”, Adeniyi said.
TheNationalGlimpse gathered that the WIS 2026 will attract 8,000 participants, including 1,000 speakers, 34 percent being women and over 60 percent across the global.
Attendees will include 127 heads of State and government leaders from United States, United Kingdom, Switzerland, Japan, China, Bangladesh, the Republic of Fiji, the Federal Republic of Germany, the Kyrgyz Republic, the Democratic Republic of Timor-Leste, the Republic of Togo, the UAE, the Hashemite Kingdom of Jordan: 96 ministers and deputy ministers, 157 high-level representatives of international and regional organizations, and 700 private sector executives.
Nigeria’s foreign exchange reserves have risen to $38 billion, the highest level recorded in three years, according to the latest data released by the Central Bank of Nigeria.
The CBN attributed the increase to improved oil revenues following a rise in crude oil production, increased non-oil export earnings, and inflows from diaspora remittances which have grown significantly following the unification of the foreign exchange market.
The CBN Governor described the development as a positive sign of the resilience of the Nigerian economy and said the improved reserves position would enhance the country’s ability to defend the naira and meet its external obligations.
“Our reserves position gives us greater confidence and capacity to manage exchange rate volatility. We will continue to deploy these reserves prudently in the best interest of the Nigerian economy,” he said.
The naira has shown relative stability in recent weeks following a period of significant depreciation, with the exchange rate at the official market trading within a narrower band.
Financial analysts said the improved reserves position was encouraging but cautioned that Nigeria needed to address its structural dependence on oil revenues and accelerate efforts to grow non-oil export earnings to sustain the gains.
The World Bank and International Monetary Fund have both cited Nigeria’s improving reserves as a positive development in their recent assessments of the Nigerian economy.
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