Nigeria’s Director-General of the Bureau of Public Enterprises (BPE), Ayodeji A. Gbeleyi, has reaffirmed the government’s commitment to achieving a $1 trillion economy by 2030. This goal requires bold structural reforms, private sector capital mobilisation, and stronger institutions.

Speaking at the Finance Correspondents Association of Nigeria (FICAN) Annual General Meeting, Gbeleyi’s representative, Toibudeen Oduniyi, highlighted Nigeria’s ongoing economic reforms aimed at stabilising the macroeconomic environment and promoting sustainable growth. These reforms focus on strengthening fiscal discipline, improving asset performance, and boosting investor confidence.

The BPE has made significant strides in the power sector, with efforts to reset the industry and improve electricity supply, crucial for industrialisation and competitiveness. The renegotiation of the Zungeru Hydropower concession generated ₦107 billion for the government, while the Afam and Afam III Fast Power transaction earned ₦54 billion.

In 2025, the BPE contributed ₦185 billion to the treasury, easing fiscal pressures. The 2026 work plan includes 15 strategic projects, targeting ₦189.1 billion in revenue, including commercialising National Integrated Power Plants and concessioning Oyan Dam.

Achieving the $1 trillion economy goal depends on transparency, accountability, and sustained reforms. 

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