Former President of the Nigerian Bar Association, Olisa Agbakoba, has proposed an ambitious 500 trillion naira national budget target for Nigeria by 2027, urging the federal government to adopt a “disruptive development plan” to achieve it.
Speaking in an interview, following the release of his policy report, Governance and Economic Analysis and Forecast 2025, Agbakoba said the goal may seem unrealistic but is achievable if Nigeria abandons business as usual.
Agbakoba emphasized that the issue is not Nigeria’s lack of resources but how they are utilized, and called for structural reforms in both political and economic governance, beginning with a downsizing of the federal government.
He advocated for the devolution of power to state and local governments, turning them into economic-bearing entities.
