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Nigeria Reviews National Development Plan to Align with Renewed Hope Agenda

The Nigerian government is conducting a mid-term review of its National Development Plan (NDP) for 2021–2025 to ensure alignment with President Buhari’s Renewed Hope agenda, according to Budget and National Planning Minister Abubakar Bagudu.

Speaking at the 29th National Economic Summit in Abuja, Bagudu said the review aims to incorporate the administration’s eight priority areas and goals for double-digit economic growth and inclusive national development.

The NDP, unveiled in 2021, outlines Nigeria’s development objectives and strategies for 2021–2025 based on the country’s long-term Nigeria Agenda 2050. The plan focuses on establishing a competitive economy through investments in infrastructure, human capital, entrepreneurship, and leveraging digital technologies.

Bagudu welcomed innovative ideas from stakeholders at the economic summit to help fine-tune the NDP and integrate the Renewed Hope Agenda effectively.

Sustainable transformation and economic inclusion remain central pillars of the plan. The Nigerian government believes this can be achieved through robust policies and institutions, strategic infrastructure financing, upskilling workers, encouraging startups and innovation, and embracing digital adoption.

What is Nigeria’s National Development Plan?

The National Development Plan (NDP) is Nigeria’s key strategic blueprint for socio-economic growth and development. The latest plan covers 2021–2025.

Key goals of the NDP include:

  • Accelerating economic growth to 5% by 2025 and over 10% by 2050.
  • Reducing unemployment to 20% by 2025 and 10% by 2050.
  • Lifting over 100 million Nigerians out of poverty by 2050.
  • Diversifying the economy away from oil dependence
  • Investing in nationwide critical infrastructure projects.
  • Developing Nigeria’s human capital with investments in education, healthcare, and skills development
  • Promoting economic inclusion and gender equality
  • Enhancing national productivity and global competitiveness
  • Mainstreaming digital adoption and innovation across all sectors

The NDP provides the strategic direction to drive Nigeria’s ambition to become a leading global economy by 2050. Implementation efforts will be monitored regularly and aligned with changing government priorities.

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