CBN, Finance Ministry Launch DGAS to Curb Inflation and Drive 7% GDP Growth
The Central Bank of Nigeria (CBN) and the Federal Ministry of Finance have launched a joint economic framework, the Dis-Inflation and Growth Acceleration Strategy (DGAS), aimed at achieving at least 7% annual GDP growth while reducing inflation to single digits within 24 months. The strategy also seeks to create around five million jobs through targeted fiscal and monetary interventions.
Revealed at the 2025 CBN Executive Seminar in Abuja, DGAS represents a unified approach combining fiscal and monetary reforms designed to stabilize Nigeria’s economy, boost productivity, and enhance competitiveness. Central Bank Governor Olayemi Cardoso emphasized that ongoing reforms, including fiscal consolidation and foreign exchange market liberalization, are essential to reposition the economy for long-term sustainable growth.
A key component of DGAS is strengthening investor confidence through transparent policies, reliable governance, and efficient financial markets. Cardoso noted that these principles have already contributed to a return of investor trust and optimism in Nigeria’s financial sector, setting the stage for deeper reforms and robust capital flows.
Finance Minister of State Dr. Doris Uzoka-Anite described DGAS as “the second wave of reforms” following initial policy actions on energy pricing and foreign exchange liberalization. The strategy focuses on addressing inflation from the supply side, lowering structural costs, deepening local production, and reducing import dependence, while aligning policy, capital, and productivity across sectors.
DGAS is structured around nine pillars, including financial innovation, sectoral growth, energy and industrial expansion, technology infrastructure, and youth empowerment. Both the CBN and Ministry of Finance will monitor progress through a shared performance framework. Officials expressed optimism that the initiative would usher in macroeconomic stability, inclusive prosperity, and a more coordinated, data-driven approach to national economic management.
source: Leadership