President Muhammadu Buhari has inaugurated a new National Development Plan, known as the Nigeria Agenda 2050 (NA 2050).
The agenda aims to ensure that the country attains a Per Capita GDP of 33,328 dollars per annum, placing her among the top middle-income economies in the world by 2050.
The NA 2050 was inaugurated shortly before the commencement of the meeting of the Federal Executive Council (FEC) at the Council Chamber of the Presidential Villa, Abuja.
He said the plan had the vision of a dynamic, industrialised and knowledge-based economy that generates inclusive and sustainable development for the country.
He said “You will recall that in March 2020, I approved the development of successor Plans to both Nigeria Vision 20:2020 and the Economic Recovery and Growth Plan (ERGP), 2017-2020. The Plans lapsed in December 2020.
‘‘To give effect to this approval, I inaugurated the National Steering Committee in September 2020, under the leadership of the Hon. Minister of Finance, Budget and National Planning and a Distinguished private sector operator, Mr. Atedo Peterside.
‘‘The Steering Committee is to superintend the preparation of the Nigeria Agenda 2050 and the National Development Plan (NDP), 2021-2025 to succeed the Nigeria Vision 20: 2020 and Economic Recovery and Growth Plan (ERGP) 2017-2020, respectively.
“At the inauguration, I charged the Steering Committee to prepare inclusive Plans that would cover all shades of opinion and ensure even and balanced development, as well as put in place necessary legislations for continuous implementation of plans, even after the expiration of the tenure of successive Administrations.
‘‘This was achieved with the preparation of the Volume III of the NDP that deals with Legislative Imperatives for identified binding constraints to Plan implementation in Nigeria.
‘‘It is instructive to inform Council and indeed all Nigerians that I had, on December 22, 2021, launched the first of the six number 5-year medium-term plans, the National Development Plan (NDP) 2021-2025, that will be used to implement the Long-Term Plan.
‘‘Council also, on March 15, 2023, approved the Nigeria Agenda 2050 that we are launching today,” he said.
President Buhari commended the National Steering Committee, led by the Minister of Finance, Budget and National Planning, Zainab Ahmed and the Minister of State, Budget and National Planning, Prince Clem Agba, for delivering, yet again, on this important national assignment
He described the unveiling and public presentation of NA 2050 as another milestone in the ‘‘annals of history of our planning experience, post-independence”, adding that the feat has also shown the Administration’s commitment to planning and plan implementation since assumption of office on May 29, 2015.
