The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, has stated that the National Development Plan (2021-2025) has been formulated to ensure the future of Nigeria is secure.
The Minister made these statements during a forum aimed at assessing the performance of the NDP (2021-2025) and obtained by Journalists in Abuja.
Ahmed also said that the plan will meet the requirements for achieving the Sustainable Development Goals 2030.
NDP would remove the constraints that have hindered Nigeria’s economy from reaching its full potential, particularly in the product mapping sector, and eliminate obstacles to business, according to Ahmed.
The event was attended by several important dignitaries, including the Special Adviser to the President on Finance and the Economy, Dr Sarah Alade; the Minister of State for Finance, Budget and National Planning Prince Clem Agba; the Permanent Secretary, Nebeolisa Anako; the Special Adviser to the President on Ease of Doing Business, Dr Jumoke Oduwole; Acting Director, Macro-Economic Analysis Department, Felix Okonkwo, and economist Dayo Alao.
The Acting Director of the Macro-Economic Analysis Department, Felix Okonkwo, revealed that the private sector would be driving the NDP with a total investment of N300tn.
In his words, “Let me just mention that this plan is different from other plans we have in the past, very different. It is going to be driven by the private sector.
“The funding, the investment size envelope of this plan is about N350tn, out of which the private sector is providing N300tn, while the government is providing N50tn approximately.
“The actual figure is N348tn but I just decided to round up the number. So 68 per cent of the investment size of the plan is from the private sector, while only 14 per cent is from the public.”
Ahmed further stated on the new development, “I want to place on record that this plan is sufficiently comprehensive with the capacity to attain various regional and global agendas including the AU Agenda 2063, the ECOWAS Integration Agenda 2050 and the Sustainable Development Goals 2030.
“In order to have the future we all desire, the plan is developed to play a sizeable role in the product complexity space internationally and also adopt measures to ease constraints that have hindered the economy from attaining its full potential, particularly in the product mapping space.”
The Minister of State for Finance, Budget and National Planning Prince Clem Agba stated, “The plan was carefully done to ensure that it was not seen as an agenda of the President, Major General Muhammadu Buhari (retd.); Federal Government of Nigeria and All Progressives Congress.”
