President Muhammadu Buhari has launched Nigeria Agenda 2050, which aims to increase the country’s real GDP growth by 7% by 2050, create 165 million new jobs, and reduce the number of people living in poverty to 2.1 million.
On Wednesday, prior to this week’s Federal Executive Council meeting in the Council Chambers of the Presidential Villa in Abuja, the Nigeria Agenda 2050 was unveiled.
The President stated at the launch, “This vision is the result of a dynamic knowledge-based economy that will ensure sustainable development by 2050.
“The objective is to increase Nigeria’s per capita income to $33,328 per year by 2050 so that it will be among the world’s leading economies.
“I hope that this document will be useful to future administrations.”
This development occurred approximately three months after the National Economic Council endorsed the Agenda and seven weeks after the Federal Executive Council approved the policy document on March 15.
President Buhari inaugurated the National Steering Committee for the preparation of the Medium-Term National Development Plan 2021 – 2025 and Nigeria Agenda 2050 in November 2020, with the objective of elevating Nigeria to an upper-middle-income country by 2050, followed by a high-income country.
Vice President Yemi Osinbajo, Secretary to the Government of the Federation Boss Mustapha, Head of Civil Service Dr. Folashade Yemi-Esan, and Chief of Staff Prof. Ibrahim Gambari attended the meeting.
Ministers of the Interior, Science and Technology, Finance, Transportation, Agriculture, Health, Communication and Digital Economy, Sports, Aviation, Environment, Works and Housing, and the Federal Capital Territory (FCT) were also present.
Also present were the Ministers of State for Budget and National Planning, Industry, Trade, and Investment, Foreign Affairs, and Health.