FG okays full implementation of new National Development Plan

December 23, 2021
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Moves to rejuvenate the economy has seen the Federal Government launch­ing the National Development Plan (NDP) 2021-2025.

President Muhammadu Buhari gave his approval for the plan to kick off at a brief ceremony which preced­ed the week’s virtual Federal Executive Council (FEC) meeting.

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said the NDP 2021-2025 is a successor plan to both Economic Recovery and Growth Plan (ERGP 2017-2020) and the Vision 20:2020.

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According to the minister, the plan will focus investment on massive infrastructure, ensure economic stability, en­hance the investment environ­ment, improve on social indi­cators and living conditions of Nigerians, among other targets.

She further revealed that the plan is a pointer to the type of Nigeria that all Nigerians de­sire, adding that it will encour­age the use of science, technol­ogy and innovation to drive the growth being targeted.

“In order to have the future we all desire, the plan is devel­oped to play a sizable role in the product complexity space in­ternationally and adopts mea­sures to ease constraints that have hindered the economy from attaining its potentials, particularly on the product mapping space.

“The plan provides for the implementation of major in­frastructure and other devel­opment projects across the six geopolitical zones and opening up of opportunities for the ru­ral areas to ensure balanced development and increased competitiveness.

“The plan builds on the foundation developed in the Vision 20:2020 and the Econom­ic Recovery and Growth Plan (ERGP). Lessons from these previous plans guided the devel­opment of the NDP 2021-2025.

“The plan seeks to invest massively in infrastructure, en­sure macroeconomic stability, enhance the investment envi­ronment, improve on social in­dicators and living conditions, tackle climate change mitiga­tion, adaptation and resilience strategies, among others”, she said.

Meanwhile, the Nigeria Gov­ernors’ Forum (NGF) has laud­ed the President Muhammadu Buhari administration for the initiative that has created the se­ries of economic development plans so far under its watch, noting that no administration, in Nigeria’s history, has been as inclusive.

Chairman of the NGF, Dr. Kayode Fayemi, who was represented by the governor of Kebbi State, Alhaji Atiku Bagudu, noted that the new NDP 2021-2025 was a product of collaboration and consultation between the federal and state governments.

“Well, let me just clarify that I’m here to represent the chair­man of the Nigeria Governors’ Forum, governor of Ekiti State, who was unavoidably absent and we congratulate Mr. Pres­ident for launching the 2021- 2025 Development Plan as ably introduced by the Minister of National Planning.

“We had an economic recov­ery growth plan that expired in 2020, which has achieved the objective of, among others, helping Nigeria exit twice from the recession and now we have a plan in place for 2021-2025 that is further aimed principally at ensuring that the gains have been consolidated and Nige­rians are being continuously included.

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“This government, more than any other, has taken delib­erate, active steps to include all economic groups and support them more than has ever been done in order that they achieve their economic objectives, in or­der that the country’s economy continues to provide for all and we will witness more prosperi­ty. We congratulate and I’m sure all of us in the 36 states and FCT are very happy.

“We have been consulted, some of us who are members of the various committees. It’s a consultative programme and we appreciate both the pres­ident and the vice president because under them, particu­larly the National Economic Council, which is the major eco­nomic decision-making body of the federation, has been quite inclusive, it’s not a monologue, states are being given the pride of place”, the governor said.

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