Nigeria, Jan. 22 -- 2030 is a pivotal year for the Nigerian economy. It is the year Nigeria is to cross to a trillion dollar economy as stated by Nigeria's President, Tinubu. Interestingly the Dangote group has also chosen 2030 as the year to achieve a hundred billion dollar annual revenue, ten percent of the national target. If one were to place a bet on either of the two targets, it is obvious who wins hands down.

We have to go down memory lane and compare previous records. In mid 2000s Nigeria was slated to be a trillion dollar economy by 2020. However, due to policy reversals Nigeria has retreated from nominal GDP heights of close to $600 billion dollars in 2014 to below $300 billion dollars in 2023 and 2024. This is the track recor...