Buhari Launches NDP, Says Nigeria Needs N348trn for 5-Year Devt Plan
PMB
President Muhammadu Buhari on Wednesday formally launched the 5-year National Development Plan (NDP) saying the country needs as much as N348.1 trillion for realistic development.
Buhari said the plan which will run from 2021 to 2025 will include investment portfolio to be contributed by the federal government as well as the private sector.
At the launch in Abuja, the President said government is expected to contribute N49.7trillion while the rest, 85.7 percent which is N298.3 trillion, is expected from the private sector.
The NDP replaces the Economic Recovery and Growth Plan (ERGP), which ran from 2017 to 2020.
Buhari disclosed that the objective of the plan is to have an increased real Gross Domestic Product (GDP) of five percent on average during the target period.
The plan is also to generate 21 million full time jobs through an inclusive growth and also lift 35 Nigerians out of poverty, he said.
He added that the programme was part of government’s target of lifting 100 Nigerians out of poverty in 10 years.
Under the programme, the President said a Development Plan Implementation Unit headed by the Vice President with the Honourable Minister of State, Budget and National Planning as the Vice-Chair would be established.
About Post Author
