President Muhammadu Buhari on Wednesday unveiled the Nigeria Agenda 2050, News About Nigeria reports.
This is a plan designed to achieve a seven percent real GDP growth rate, create 165 million jobs, and decrease the number of Nigerians living in poverty to 2.1 million by 2050, compared to the 83 million living in poverty in 2020.
The launch took place just before the beginning of the Federal Executive Council meeting held at the Presidential Villa in Abuja.
The Agenda was authorized by the FEC in March, nearly three months after the National Economic Council endorsed it.
The President stated that the goal of the plan is to use a dynamic knowledge-based economy to achieve sustainable development by 2050.
He also stated that the plan aims to raise Nigeria’s per capita income to $33,328 per year, placing the country among the world’s top economies.
Additionally, he expressed his hope that the document would be useful to future administrations.
Buhari established the National Steering Committee for the preparation of the Medium-Term National Development Plan 2021-2025 and the Nigeria Agenda 2050 in November 2020.
The ultimate goal of the plan is to raise Nigeria to an upper-middle-income country and, ultimately, to the status of a high-income country by 2050.
Before the meeting began, a minute of silence was observed in memory of Late Musa Gwadabe, a former minister of solid minerals development and former minister of employment, labour, and productivity, who died on April 26, 2023, at the age of 86.
Vice President Yemi Osinbajo, Secretary to the Government of the Federation Boss Mustapha, Head of Civil Service Dr Folashade Yemi-Esan, and the President’s Chief of Staff Prof. Ibrahim Gambari were among those present.
The meeting was attended by the Ministers of Interior, Rauf Aregbesola; Science and Technology, Olorunimbe Mamora; Finance, Zainab Ahmed; Transportation, Mu’azu Sambo; Agriculture, Mohammed Abubakar; Health, Dr Osagie Ehanire; Communication and Digital Economy, Prof. Isa Pantami; Sports, Sunday Dare, Aviation, Hadi Sirika, Environment, Mohammed Abdullahi; Works and Housing, Babatunde Fashola and FCT, Mohammed Bello.
In addition, the Ministers of State for Budget and National Planning, Clem Agba; Industry Trade and Investment, Mariam Katagum; Foreign Affairs, Zubairu Dada; Health, Ekumankama Nkama, were also present.
