The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said, that the Federal Government is currently finalising ‘Nigeria Agenda 2050’ to succeed Vision 2020 which lapsed two years ago.
Ahmed made this known on Monday in Abuja at the 28th Nigerian Economic Summit.
According to the News Agency of Nigeria, the theme of the summit this year was ‘2023 and Beyond: Priorities for Shared Prosperity’.
The minister, during her address said that the government had earlier formulated the National Development Plan 2021- 2025 to succeed the Economic Recovery and Growth Plan 2017- 2020.
She said, “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, the 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”.
Ahmed also added that, resources were being mobilised for the financing of the NDP 2021-2025 in order to reduce dependence on oil revenues.
This, she said, would be achieved through heavy reliance on domestic resource mobilisation from non-oil revenue sources through the results of the Strategic Revenue Growth Initiative and Finance Acts.
“This will improve and further diversify government revenues and entrench fiscal prudence and value for money,” she added.
The minister further stressed that the theme for this year’s NES was delicately chosen to provide direction for stakeholders to examine the progress of the present government in delivering the NDP 2021-2025.
She said that the Nigeria Agenda 2050 would be inaugurated soon, and its goal would be to increase the country’s per capita Gross Domestic Product to $33,000.
Ahmed commended the President, Major General Muhammadu Buhari (Ret’d.), for his continuous support to the NESG in the last seven years.
Adding 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.
