President Muhammadu Buhari has launched the Nigeria Agenda 2050, a plan aimed at increasing real GDP growth, creating new jobs, and reducing poverty in the country. The launch took place just before this week’s Federal Executive Council meeting in Abuja.
During the launch, President Buhari stated that “this vision is a product of a dynamic knowledge-based economy to provide sustainable development by 2050.” He added that the goal is to “increase Nigeria’s per capita income to $33,328 per annum, placing the country amongst the world’s top economies by 2050.”
The President expressed his hope that the policy document would prove useful for subsequent administrations. The FEC had approved the policy document on March 15, and it was endorsed about three months later by the National Economic Council.
The goal of the Nigeria Agenda 2050 is to take Nigeria to an Upper Middle-Income Country and subsequently to the status of a High-Income country by 2050. The plan aims to increase real GDP growth by 7%, create 165 million new jobs, and reduce the number of Nigerians living in poverty to 2.1 million in 2050 from the 83 million estimated in 2020.
Meanwhile, the FEC observed a minute’s silence in honour of the former minister of solid minerals development and former minister of employment, labour and productivity, the late Musa Gwadabe, who passed away on Wednesday, April 26, 2023, aged 86.
Those in attendance at the commencement of the meeting were 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.
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