New initiative targets 7% GDP growth, single-digit inflation, and coordinated fiscal-monetary reforms…
The Federal Government of Nigeria in collaboration with the Central Bank of Nigeria (CBN) has launched a new national economic framework known as the Dis-Inflation and Growth Acceleration Strategy (DGAS), a policy initiative aimed at stabilising prices, spurring economic expansion, and improving living standards.
The development was announced on Wednesday in a post by Dada Olusegun, Special Assistant to the President on Social Media, who said the DGAS is designed to curb inflation, accelerate growth, and double household incomes within two years.
According to Olusegun, the strategy seeks to raise Nigeria’s Gross Domestic Product (GDP) growth rate above 7 per cent, achieve single-digit inflation, and reduce poverty through closely coordinated fiscal and monetary interventions.
“The DGAS will be implemented through a single-window execution platform, bringing together development finance, private capital mobilisation, project incubation, and performance management under one institutional structure,” the presidential aide said.
Focus on Energy and Economic Diversification
Olusegun noted that energy diversification will form a major pillar of the strategy, targeting the expansion of oil, gas, hydro, solar, wind, biomass, and hydrogen resources to power industrial and economic growth.
He added that the DGAS platform will work in close alignment with the Ministry of Finance and the CBN, ensuring that fiscal and monetary policies are harmonised to deliver measurable outcomes on inflation control and income growth.
“The platform will coordinate closely with the Ministry of Finance and the CBN to align incentives and policy outcomes,” he wrote.
Background: Inflation Hits Three-Year Low
The initiative comes amid signs of easing inflationary pressure. According to the National Bureau of Statistics (NBS), Nigeria’s headline inflation rate dropped to 18.02 per cent in September 2025, the lowest level in three years.
Data from the Central Bank of Nigeria show that the last time headline inflation was within the 18 per cent range was in June 2022.
Analysts believe the DGAS could serve as a framework to consolidate ongoing economic recovery efforts and provide clear coordination between the fiscal and monetary authorities, a gap that has long hindered Nigeria’s macroeconomic stability.
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