AIRTELAFRI₦6,300.00• 0.00%
DANGCEM₦1,066.70• 0.00%
MTNN₦825.00▲ 0.61%
BUAFOODS₦760.60• 0.00%
BUACEMENT₦297.00• 0.00%
SEPLAT₦16,000.10• 0.00%
ARADEL₦1,499.90• 0.00%
FIRSTHOLDCO₦138.00• 0.00%
HBMNG₦355.00• 0.00%
ZENITHBANK₦126.00▼ 1.33%
GTCO₦124.80▼ 2.27%
TRANSCOHOT₦290.50• 0.00%
STANBIC₦160.00▼ 2.14%
PRESCO₦2,045.30• 0.00%
NB₦75.00• 0.00%
NESTLE₦2,750.00• 0.00%
GEREGU₦825.70• 0.00%
UBA₦43.00▼ 0.35%
INTBREW₦10.00▲ 0.50%
ACCESSCORP₦28.50▲ 0.71%
DANGSUGAR₦67.50▲ 0.52%
TRANSPOWER₦178.00• 0.00%
FIDELITYBK₦21.05▲ 4.73%
ETI₦71.40• 0.00%
WEMABANK₦31.00• 0.00%
OKOMUOIL₦1,276.20• 0.00%
GUINNESS₦423.00• 0.00%
FCMB₦10.80▼ 1.82%
UNILEVER₦102.50• 0.00%
UACN₦184.00• 0.00%

GDN DESKTOP 1

Advertisement

Nigeria reaffirms $1tr GDP target by 2030 as experts overhaul devt plan

Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele

Nigeria has begun a technical review of its National Development Plan (NDP) 2026–2030, with the government seeking to establish a credible policy and financing framework to drive its ambition of building a $1 trillion economy by 2030.

The review, coordinated by the Ministry of Budget and Economic Planning, is aimed at addressing structural constraints to economic growth, strengthening investment priorities and ensuring that national development targets are backed by realistic projections, sustainable financing and measurable outcomes.

Minister of State for Budget and Economic Planning, Dr Doris Uzoka-Anite, said the successor plan must build on the lessons of the NDP 2021–2025 and provide a practical roadmap for Nigeria’s economic and social transformation over the next five years.

Speaking at a stakeholders’ retreat to review and finalise the draft plan, Uzoka-Anite said the document must be evidence-based, measurable and ready for implementation, with clearly defined policies, credible baseline data, realistic targets and adequate financing arrangements.

Advertisement

She acknowledged that the review was taking place amid significant economic and social challenges, stressing the need for the plan to identify the binding constraints holding back growth and development.

The minister said the new plan must also align with Nigeria Agenda 2050 and the Federal Government’s Renewed Hope agenda, while establishing a pathway towards a diversified, inclusive and resilient $1 trillion economy.

EFN Non Oil Export

The plan is structured around seven strategic pillars: macroeconomic stability and sustainable financing; oil, gas and energy security; economic diversification and productivity; productive infrastructure and environmental resilience; governance and public-sector transformation; peace and national security; and human capital development and inclusive growth.

Uzoka-Anite urged stakeholders to incorporate findings from the Renewed Hope Ward-Based Development Framework Survey, conducted by the ministry across 8,809 wards nationwide, to ensure that the plan reflects local economic realities, infrastructure deficits and grassroots development priorities.

Advertisement

She said a credible national development framework must connect broad economic ambitions with the specific needs of communities across the country.

In a related development, the minister inaugurated a Technical Working Group to scrutinise the draft plan, validate its assumptions and recommend adjustments to its targets and implementation framework.

The group is chaired by Professors Olu Ajakaiye and Mike Obadan, with Professors Uche Uwaleke, Adeola Adenikinju, Jonathan Aremu, Emmanuel Oladipo, Sam Amadi, Usman Tar and Bongo Adi, as well as Dr Nguyan Shaku Feese, serving as members.

The group is expected to test the plan’s alignment with Nigeria Agenda 2050, the Renewed Hope agenda and the government’s $1 trillion economic ambition, while reviewing the credibility of its baseline data, macroeconomic assumptions, performance indicators and proposed 2030 targets.

It is also tasked with producing a consolidated, technically reviewed and implementation-ready document, supported by policy and intervention matrices, clearly assigned institutional responsibilities and a record of major revisions and unresolved policy choices.

Earlier, the Permanent Secretary of the ministry, Dr Deborah Odoh, said the review must eliminate gaps, duplication and inconsistencies across the plan’s chapters while validating key data, sectoral targets and results indicators.

Join Our Channels

Taboola Recommendation Widget