The new national development plan, the Nigeria Agenda 2050 (NA 2050), is aimed at ensuring that Nigeria attains a per capita Gross Domestic Product (GDP) of $33,328 per annum, placing her among the top middle-income economies in the world by 2050.
President Muhammadu Buhari stated this midweek during the launch of the NA2050 Plan, just before the commencement of the week’s Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja.
According to a statement by his Special Adviser on Media and Publicity, Mr Femi Adesina, Buhari said the Plan has the vision of a dynamic, industrialised and knowledge-based economy that generates inclusive and sustainable development for the country.
“The plan we are launching today has a vision of a dynamic, industrialised and knowledge-based economy that generates inclusive and sustainable development for the country.
“The broad target is to ensure that Nigeria attains a per capita GDP of $33,328 per annum that will place her among the top middle-income economies in the world by 2050”, he said.
He added that given the measures in place for continuous plan implementation, successive administrations would find the document useful in the delivery of electoral promises.
“I am confident that given the measures already in place for continuous planning implementation, successive administrations will find the document useful in the delivery of electoral promises.
“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”, Adesina said.
Commending 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, the President described the unveiling and public presentation of NA 2050 as another milestone in the “annals of history of our planning experience, post-independence.”
He added that this feat has also shown the Administration’s commitment to planning and plan implementation since assumption of office on May 29, 2015.