Monday, November 28, 2022

FG finalising “Nigeria Agenda 2050” to replace vision 2020: Zainab Ahmed

The federal government said the Nigeria Agenda 2050 seeks to increase the country’s per capita GDP to 33,000 dollars.

• November 14, 2022
Zainab-Ahmed
Nigerian minister of finance, Zainab-Ahmed (Credit: Business Day)

The Minister of Finance, Budget and National Planning, Zainab Ahmed, says “Nigeria Agenda 2050” was being finalised to succeed Vision 2020.

Mrs Ahmed said this on Monday in Abuja at the 28th Nigerian Economic Summit (NES), with this year’s theme as “2023 and Beyond: Priorities for Shared Prosperity”.

According to the minister, the government has earlier formulated the National Development Plan (NDP), 2021- 2025 to succeed the Economic Recovery and Growth Plan (ERGP), 2017- 2020.

“We are in the second year of the NDP, 2021-2025 with the private sector taking the lead.

“Although, challenged by a shortfall in revenues, government has kept its pact by prioritising capital releases in favour of ongoing critical infrastructural projects in power, roads, rail, agriculture, health and education sectors.

“This is with a view to strengthen the Nigerian economy post COVID-19 pandemic,” she said, adding that resources were being mobilised with less emphasis on oil revenues.

She said that financing of the NDP 2021-2025 would rely heavily on domestic resource mobilisation from non-oil revenue sources through the results of the Strategic Revenue Growth Initiative (SRGI) and Finance Acts.

“This will improve and further diversify government revenues and entrench fiscal prudence and value for money,” she said.

Mrs Ahmed said that the theme for this year’s NES was carefully chosen to provide direction for stakeholders to examine the progress the present government had made in delivering the NDP, 2021-2025.

She said that the Nigeria Agenda 2050, which would be inaugurated soon, seeks to increase the country’s per capita Gross Domestic Product (GDP) to 33,000 dollars.

Mrs Ahmed commended President Muhammadu Buhari for his continuous support to the NESG in the last seven years.

She said that the collaboration between the finance ministry and the group had provided the platform for regular dialogue and engagement with the private sector and other stakeholders.

(NAN)

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