President Muhammadu Buhari has unveiled the Nigeria Agenda 2050 (NA 2050), a new long-term national development strategy.

On Wednesday in Abuja, ahead of the start of the Federal Executive Council (FEC) meeting, Buhari inaugurated NA 2050.

By 2050, Nigeria aspires to have a GDP per capita of $33,328, ranking it among the top middle-income countries in the world. This is the goal of the NA 2050.

A country’s total economic output divided by its total population is known as its GDP per capital.  Nigeria’s GDP per capital , according to the World Bank was $2,065.7 in 2021.

Speaking at the launch, Buhari said the plan has the vision of a dynamic, industrialised and knowledge-based economy that generates inclusive and sustainable development for the country.

He added that given the measures already in place for continuous plan implementation, successive administrations would 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,” a statement issued by Femi Adesina, presidential spokesperson, quoted Buhari as saying.

‘‘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.” the statement reads.

By gvoice

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