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NEWS

FG AND CBN LAUNCH NEW ECONOMIC STRATEGY TO CUT INFLATION, DOUBLE INCOMES

November 13, 2025 • 2 min read

By Ademola Adekusibe
November 13, 2025.

The Federal Government and the Central Bank of Nigeria (CBN) have unveiled a new economic framework, the Dis-Inflation and Growth Acceleration Strategy (DGAS), aimed at sustaining GDP growth above seven percent, reducing inflation to single digits, and doubling national and household incomes to alleviate poverty.

The announcement was made on Tuesday at the 2025 Annual Executive Policy Seminar in Abuja by Minister of State for Finance, Dr. Doris Uzoka-Anite. She described DGAS as the “second wave of reforms” under President Bola Tinubu’s administration, following previous measures on energy pricing and foreign exchange liberalization.

Dr. Uzoka-Anite explained that DGAS was jointly developed by the Ministry of Finance and the CBN to integrate fiscal and monetary policies, ensuring non-inflationary, inclusive growth. “Traditional monetary tightening alone cannot deliver sustainable recovery, nor can fiscal expansion in isolation produce the scale of impact our people require,” she said.

The framework is designed to achieve sustained GDP growth above seven percent while bringing inflation down through supply-side expansion rather than demand suppression. The ultimate goal, the minister said, is to improve the quality of life for Nigerians by doubling national and household incomes and significantly reducing poverty.

DGAS will be implemented through a “single-window execution platform” that unifies development finance, private capital mobilization, project incubation, policy coordination, and performance management. The platform will work closely with the Central Bank and the Ministry of Finance to ensure that fiscal and monetary incentives, including targeted credit windows and FX market reforms, reinforce measures aimed at industrial expansion, job creation, and export growth.

Uzoka-Anite emphasized that the strategy bridges fiscal intent with monetary execution, promoting coherence between policy, capital, and productivity. She added that it moves the country beyond fragmented interventions toward a coordinated national strategy for economic growth and structural transformation.