Towards A $3 Trillion GDP For Nigeria!
Quote from Ndubuisi Ekekwe on March 4, 2020, 2:30 PMIn the most optimistic of my model, Nigeria can hit this number. The sub-$500 billion GDP of today is a national shame! This is the plan, again.
How?
It is an optimistic model. Like I noted in the video, if you document all the land assets and farm lands in Nigeria, making them tradable and with velocity, you will unlock at least $700 billion in new economic output in Nigeria, In short, if that happens, some of the top middle class Nigerians may be living right now in villages. And if that is the case, all banks would open branches in rural areas because men and women with networks are those controlling those new assets.
Simply, they can borrow, and spend. Today, that $700b is treated as largely $0 in Nigeria's balance sheet as the assets have no velocity. If you begin with $500 billion as GDP, from my primary school compound interest lesson, I need rate of about 16% annually to hit $3 trillion in 11 years. If the land becomes more liquid, that number drops to 8%. Add few more things, you see we can do this because across most sectors, we have not started.
In the most optimistic of my model, Nigeria can hit this number. The sub-$500 billion GDP of today is a national shame! This is the plan, again.

How?
It is an optimistic model. Like I noted in the video, if you document all the land assets and farm lands in Nigeria, making them tradable and with velocity, you will unlock at least $700 billion in new economic output in Nigeria, In short, if that happens, some of the top middle class Nigerians may be living right now in villages. And if that is the case, all banks would open branches in rural areas because men and women with networks are those controlling those new assets.
Register for Tekedia Mini-MBA edition 19 (Feb 9 – May 2, 2026): big discounts for early bird.
Tekedia AI in Business Masterclass opens registrations.
Join Tekedia Capital Syndicate and co-invest in great global startups.
Register for Tekedia AI Lab: From Technical Design to Deployment (next edition begins Jan 24 2026).
Simply, they can borrow, and spend. Today, that $700b is treated as largely $0 in Nigeria's balance sheet as the assets have no velocity. If you begin with $500 billion as GDP, from my primary school compound interest lesson, I need rate of about 16% annually to hit $3 trillion in 11 years. If the land becomes more liquid, that number drops to 8%. Add few more things, you see we can do this because across most sectors, we have not started.
Uploaded files:Share this:
- Click to share on Facebook (Opens in new window) Facebook
- Click to share on X (Opens in new window) X
- Click to share on WhatsApp (Opens in new window) WhatsApp
- Click to share on LinkedIn (Opens in new window) LinkedIn
- Click to email a link to a friend (Opens in new window) Email
- Click to print (Opens in new window) Print

