Nation Branding: Buhari Poised To Reposition Nigeria With New National Development Plan


President Muhammadu Buhari on Wednesday launched a new long-term national development plan, the Nigeria Agenda 2050 (NA 2050), which aims to ensure that the country attains a Per Capita GDP of $33,328 per annum, placing her among the top middle-income economies in the world by 2050.

The President inaugurated NA 2050 before the commencement of the meeting of the Federal Executive Council at the Council Chamber.

He said the Plan has the vision of a dynamic, industrialized 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 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 Nigeria Vision 20:2020 and the Economic Recovery and Growth Plan (ERGP), 2017-2020. The Plans lapsed in December 2020.

‘‘To effect 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 by preparing the Volume III of the NDP, which deals with Legislative Imperatives for identified binding constraints to Plan implementation in Nigeria.

‘‘It is instructive to inform the 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,’’ he said.

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