Nigeria Begins Review of National Development Plan

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The Nigerian Ministry of Budget and Economic Planning has commenced a mid-term review of the National Development Plan 2021–2025.

The review will incorporate the Renewed Hope Agenda and the 8-Point Agenda priority areas of President Tinubu, following approval from the President by the coordinating minister of the economy.

Minister of Budget and Economic Planning, Sen. Abubakar Atiku Bagudu, made the announcement while delivering a welcome address at the 29th Nigeria Economic Summit in Abuja, Nigeria’s capital.

He said the Ministry, in collaboration with other stakeholders, is committed to implementing the National Development Plan 2021–2025 and the Agenda 2050.

Sen. Bagudu also emphasised the need for policy linkage and coordination in budgetary and planning processes to ensure Nigeria progresses and delivers on the promises of the president.

He also called for the active participation of all stakeholders.

The NES, jointly organised by the Federal Ministry of Budget and Economic Planning and the Nigerian Economic Summit Group, serves as a platform for gathering opinions from the public sector, private sector, development partners, and civil society organisations.

The Minister highlighted the significance of the NES, stating that it has evolved into a model for effective public-private partnerships.

He commended the president for the recent institutional realignment of several ministries, particularly the Ministry of Budget and Economic Planning.

“This realignment has reinvigorated the ministry and enabled strategic planning for improved economic activity and growth,” he said.

The Nigeria Economic Summit is an annual event organised by the Federal Ministry of Budget and Economic Planning and the Nigerian Economic Summit Group. It brings together key stakeholders from the public and private sectors to discuss and strategise on the economic development of Nigeria.