This announcement was made by Sen. Atiku Bagudu, the Minister of Budget and Economic Planning, during a news briefing for the 29th Nigerian Economic Summit (#NES29) in Abuja.
The theme for #NES29, which is scheduled to take place from October 23 to October 24 at the Transcorp Hilton, Abuja, is "Pathways to Sustainable Economic Transformation and Inclusion." Bagudu explained that this theme was chosen to facilitate discussions on how to transform the nation's economy while ensuring inclusivity.
The discussions at #NES29 will revolve around five sub-themes. These sub-themes encompass stimulating economic growth, mobilizing finance for sustainable development, harnessing human capital development, promoting national cohesion and inclusion, and reforming public institutions. Bagudu noted that these sub-themes align with the pillars outlined in the National Development Plan (NDP) 2021-2025, the Nigeria Agenda 2050, and the Renewed Hope Agenda.
“The main target of the Nigeria Agenda 2050 is to increase the country’s per capita GDP to 6,000 dollars and 33,000 dollars by 2030 and 2050 respectively.
“It will also bring the poverty rate to 0.6 per cent and unemployment rate to 6.3 per cent, while transiting the economy to the highest per capita GDP in the group of upper-middle income economies.
“The plan will be effectively implemented by successive governments through six number 5-Year Medium-Term National Development Plans and Annual Budgets,” he said.
The minister mentioned that the renewed hope agenda and the eight priority areas of the current administration aim to speed up the goals of the Nigeria Agenda 2050.
Additionally, he highlighted the NDP 2021-2025 with a double-digit growth rate and inclusive development.
“The ministry is in the process of conducting the mid-term review of the NDP 2021-2025 with the purpose of fine-tuning the plan and ensuring that the renewed hope agenda of the current government is incorporated into the NDP 2021-2025.
“The Ministry will welcome innovative ideas from the stakeholders at the summit to ensure its effective integration into the NDP 2021-2025,” Bagudu said.
