The Ministry of Budget and National Planning, representing the Federal Government, is currently engaged in a mid-term review of the National Development Plan 2021–2025 to align it with the government’s Renewed Hope Agenda. The Minister of Budget and Economic Planning, Abubakar Bagudu, made this announcement during his speech at the World Press Conference held at the 29th National Economic Summit in Abuja on Thursday.
Bagudu emphasized that the Renewed Hope Agenda, along with the eight priority areas outlined by the current administration, is designed to accelerate the objectives of the Nigeria Agenda 2050 and the National Development Plan 2021-2025. The government aims for a double-digit growth rate and inclusive development through these initiatives.
“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,” Bagudu stated. He further invited stakeholders at the summit to contribute innovative ideas to facilitate the effective integration of these agendas.
Highlighting the key elements for achieving sustainable economic transformation and inclusion in Nigeria, Bagudu underscored the importance of innovative policies, robust institutions, strategic investments in infrastructure, human capital development, entrepreneurship and innovation promotion, and the leverage of digital technology.
As the Federal Government takes proactive steps to align its development plan with current priorities, the mid-term review is poised to shape policies that foster economic growth, inclusivity, and resilience in Nigeria. The engagement with stakeholders at the National Economic Summit reflects the government’s commitment to a collaborative approach to shaping the nation’s economic trajectory.