At its weekly meeting presided by President Muhammad Buhari at the Presidential villa, Abuja, on Wednesday, the Federal Executive Council (FEC) approved Nigeria’s Agenda 2050 after four weeks the National Economic Council endorsed the Agenda and 29 months since the president inaugurated the National Steering Committee for the preparation of the Medium-Term National Development Plan 2021 – 2025 and Nigeria Agenda 2050.
The plan which is set to increase national real GDP growth by seven per cent, create 165 million new jobs and reduce the number of people living in poverty to 2.1 million in 2050 from the 83 million people estimated in 2020 has an overall objective to take Nigeria through to an Upper Middle-Income Country and subsequently to the status of a High-Income country by 2050.
Following the Council meeting which was preceded by the inauguration of the seven reappointed board members of the Independent Corrupt Practices and other Related Offences Commission (ICPC) by President Muhammad Buhari, the Minister of State, Budget and National Planning, Clement Agba, disclosed to State House reporters that the six medium term development plans to run from 2021 to 2050 encompass broad issues including various specifics targeted at driving a comprehensive and sustainable economic development in the country.
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The minister said: “The broad objectives are to create a stable and predictable macro-economic environment by adopting policies that are consistent with raising domestic savings and investments, to establish a solid foundation for a concentric diversified private sector-led economy as well as create a more resilient business environment that creates and supports opportunities for Nigerians to realise their potential, among others.”
According to Agba, the federal government plans which were developed in collaboration with subnational governments and other stakeholders including, top political parties (APC, PDP and APGA) organized labour, youth, women, regious bodies and traditional institutions feature the road map and framework for achieving accelerated, sustained and broad-based growth and also reducing unemployment, poverty, and inequality.
The council also approved 2.8 billion naira for the National population commission for the procurement of software toward the conduct of the National Census which is slated to take place in May 2023.
