NEC unveils framework to actualize Nigeria’s $1tn economy target

NEC unveils framework to actualize Nigeria’s $1tn economy target

The framework to bring to reality Nigeria’s $1 trillion economy target of the President Bola Ahmed Tinubu’s administration by 2030 has been unveiled by the National Executive Committee (NEC) on Thursday.

The unveiling of the framework was part of the resolutions reached by the Council at its 151st meeting.

Vice President, Kashim Shettima, said, the new national development plan will work on “existing policies”, as well as, align Nigeria’s path to growth with “the long-term goals of Nigeria Agenda 2050”.

According to the official X account of the Vice President, Kashim Shettima: “The National Economic Council (NEC) on Thursday unveiled the framework for the Renewed Hope Development Plan (2026–2030), aimed at consolidating Nigeria’s reform agenda and actualising the $1 trillion economy target of the administration of President @officialABAT.

“This was part of the resolutions reached at the 151st meeting of the Council, which commended the Ministry of Budget and Economic Planning (@PlanningNG) for kick-starting the process, and also urged the effective participation of all states and stakeholders to ensure inclusivity and accelerated growth.

“NEC also asked the Accountant-General of the Federation to accelerate the release of funds for the next round of the national polio immunisation campaign to ensure a hitch-free exercise.

“Chairman of the Council, Vice President @KashimSM, said the new national development plan will build on existing policies, deepen continuity, and align Nigeria’s growth trajectory with the long-term goals of Nigeria Agenda 2050.

“VP @KashimSM described the transition as critical to sustaining the country’s economic trajectory and consolidating the administration’s ongoing reforms.

““Another major consideration today is the expiration of the National Development Plan 2021–2025 and the preparation of its successor, the Renewed Hope Plan 2026–2030.””

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