The Trade Union Congress of Nigeria (TUC) has said it will take the country a very long time to achieve its target of a $1 trillion economy with a current growth rate of three per cent and gross domestic product (GDP) hovering around $300 billion.

Noting that the country is blessed with huge resources such as land and solid minerals that are yet to be harnessed, the Congress said that the way the country was structured, until the fundamentals were critically looked at, things would continue to remain static.

TUC President, Festus Osifo, said this yesterday, at the opening of the South-West Labour Summit 2025, organised by the union, where he spoke on one of the sessions, which focuses on agricultural opportunities.

According to him, with the nation’s vast resources, it has no business talking about a GDP growth rate of three per cent “for a country that has huge potential, and we are saying we want to g”et to $1 trillion economy, how?”

“The lands and solid minerals are there to grow the economy. The way the country is structured, until we look at the fundamentals, it will not work. There must be a consensus where everybody must come together strongly to be able to grow the national output of the GDP.”

The TUC chief accused state governors of being lazy and not innovative enough, stressing that it is one of the reasons the country’s productivity was extremely low.

According to Osifo, because of federal allocation, the majority of governors fold their hands without thinking outside the box to increase their land sizes.