Under the current development plan, the federal government envisions reaching a $1 trillion economy by 2030 (Federal Ministry of Budget and Economic Planning, 2025). This vision presents a huge shortfall between Nigeria’s current economic standing and the targeted $1 trillion GDP by 2030. The gap is multidimensional, reflecting the substantial scale of capital and growth required to achieve that landmark. They include investment, infrastructure, and growth gaps (12% annual target).

Using data from a NISER study, this policy brief strongly demonstrates that regulatory quality is the direct answer to closing this huge gap.