The President, Major General Muhammadu Buhari (retd.), on Wednesday, in Abuja, launched the Nigeria Agenda 2050, declaring that its implementation would “ensure that Nigeria attains a per capita GDP of $33,328 per annum to place her among the top middle-income economies globally by 2050.”
Buhari said the plan would also increase real GDP growth by seven per cent, create 165 million new jobs and reduce the number of Nigerians living in poverty to 2.1 million in 2050 from the 83 million estimated in 2020.
The launch occurred shortly before this week’s Federal Executive Council meeting held at the Council Chambers of the Presidential Villa, Abuja.
It comes about seven weeks after FEC approved the policy document on March 15 and nearly three months after the National Economic Council endorsed the agenda.
RateCaptain reports that Nigeria Agenda 2050 is a long-term plan aimed at transforming Nigeria into a developed economy by the year 2050. The plan is expected to address critical issues such as poverty, education, healthcare, infrastructure, and security. The National Development Plan, 2021-2025, on the other hand, is a short-term plan that will guide the implementation of key initiatives aimed at achieving the goals of the Nigeria Agenda 2050
Speaking at the inauguration, President Buhari emphasized the importance of the new development plans in achieving sustainable economic growth and development in Nigeria. He also stressed the need for the plans to be all-inclusive, saying that they should cover all shades of opinion and ensure even and balanced development across the country.
President Buhari further urged the committee to ensure that the plans are implemented efficiently and effectively. He said that the success of the plans would depend on the commitment and cooperation of all stakeholders, including the private sector, civil society, and the general public.