• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 9, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NEC Endorses Nigeria Agenda 2050, Targets 165m Jobs

by Jonathan Nda-Isaiah
2 years ago
in Business
Nigeria Agenda 2050
Share on WhatsAppShare on FacebookShare on XTelegram

Rising from an emergency session and its first meeting this year, the National Economic Council (NEC) has endorsed “Nigeria Agenda 2050” designed to take the country through to Upper Middle-Income Country and subsequently to the status of High-Income countries.

Advertisement

At a meeting presided over by Vice President Yemi Osinbajo, the Agenda 2050 was presented by the Ministry of Finance, Budget and National Planning to State Governors and other members of NEC, including federal ministers.

Speaking after the presentation and discussion by Council members, Prof. Osinbajo in a statement by his spokesman, Laolu Akande observed that the plan “captures a lot of the expectations for Nigeria in the future and hopefully implementation which is key if effectively done.” 

Also commenting on the Agenda 2050, the Minister of State for Budget and National Planning, Prince Clem Agba said the Federal Government has taken unprecedented steps in ensuring the operationalization of the plan, especially with the inauguration of the Steering Committee of the National Development Plan by the VP.

Prof. Osinbajo had earlier today inaugurated the Steering Committee of the National Development Plan.

RELATED

We’ll Maintain Sale Of Cement Price At N3500 In 2024 — BUA Chair

Deepen Investments, Partnership With Nigeria, BUA Group Chairman Urges Britain, Allies

4 hours ago
Green Energy Strengthens Pipeline Protection With New Onshore Terminal

Green Energy Completes First Crude Oil Export From Otakikpo Terminal

4 hours ago

On 9th September, 2020 the President inaugurated the National Steering Committee (NSC) for the preparation of the Medium-Term National Development Plan (MTNDP) 2021 – 2025 and Nigeria Agenda 2050.

Highlights of the Nigeria Agenda 2050 as presented to NEC is as follows:

“Nigeria Agenda 2050 is formulated against the backdrop of several subsisting development challenges in the country.  

“These challenges include low, fragile, and non-inclusive economic growth; high population growth rate, pervasive insecurity, limited diversification, macroeconomic and social instability, low productivity and high import dependence. 

”Nigeria Agenda 2050 is a perspective plan designed to transform the country into an “Upper-Middle Income Country”, with a significant improvement in per capita income. 

“The plan aims to fully engage all resources, reduce poverty, achieve social and economic stability. 

“It also targets developing a mechanism for achieving a sustainable environment consistent with global concerns about climate change. 

“The plan therefore presents the road map for accelerated, sustained and broad-based growth and provides broad frameworks for reducing unemployment, poverty, inequality, and human deprivation.

Akande said Agenda 2050 is to help Nigeria attain her desire to successfully join the group of upper middle-income countries and subsequently to high-income group.

 According to him, this requires significant improvement in the country’s per capita GDP which will be powered by rapid and sustained economic growth. 

“Nigeria’s long-term ambition is to improve its per capita GDP from about US$2,084.05 in 2020 to US$6,223.23 in 2030 and US$33,328.02 in 2050, with rapid and sustained economic growth, job creation and poverty reduction. 

“The Nigeria Agenda 2050 projects annual average real GDP growth of 7.0 per cent.  

“The real growth rate of the GDP of the first medium-term NDP 2021-2025 on average will be 4.65 percent and this will increase to 8.01 percent in the second NDP; subsequently, it is expected to increase to 8.43 percent in the third. 

Consequently, he said the number of full time jobs created will be roughly 165 million during the Agenda period to spur poverty reduction. 

“The number of people in poverty will decline from the roughly 83 million in 2020 to about 47.8 million in 2025 and to 2.1 million by 2050, thus taking a significant segment of the population out of poverty,” he added .

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Nigeria Agenda 2050
SendShareTweetShare
Previous Post

Address Multiplier Effect Of Naira Scarcity, Groups Charge Federal Govt

Next Post

Nigeria To Become Biggest Oil Refiner By 2025

Jonathan Nda-Isaiah

Jonathan Nda-Isaiah

You May Like

We’ll Maintain Sale Of Cement Price At N3500 In 2024 — BUA Chair
Business

Deepen Investments, Partnership With Nigeria, BUA Group Chairman Urges Britain, Allies

2025/06/09
Green Energy Strengthens Pipeline Protection With New Onshore Terminal
Business

Green Energy Completes First Crude Oil Export From Otakikpo Terminal

2025/06/09
Delta Flood Victims Receive Relief Materials, Palliatives From NDDC
Business

Pollution: NDDC Launches Tree Planting Campaign In 9 States

2025/06/09
I Don’t Take This Award For Granted – Dangote, Person Of The Year 2024
Business

‘Dangote Group Paid N450bn Taxes In 2024’

2025/06/09
NICA Applauds FG On Creation Of National Credit Guarantee Company, Assures Support
Business

NICA Applauds FG On Creation Of National Credit Guarantee Company, Assures Support

2025/06/09
Ways To Retain Existing Customers For Business  Continuity
Business

5 Listed Firms Raise N108bn Commercial Paper To Boost Working Capital

2025/06/09
Leadership Conference advertisement

LATEST

Security Operatives Rescue 11 Kidnap Victims In Katsina

Tinubu’s Public Affairs Aide, Aliyu Audu, Resigns

Fan Dies After Fall During Portugal, Spain Match

Cult Clash: Pandemonium In Edo Community As Lawmaker Debunks Link

Anambra Govt To Establish South East Digital Tribe

Wife Seeks State, FG’s Help To Find Missing Husband

UNOC: Diri Calls For Action To Tackle Rising Ocean Threats

Insecurity: COAS Boosts Morale Of Frontline Troops, Harps On Professionalism

Akwa Ibom: 2 Ethnic Nationalities In War Of Words Over Ex– Gov Emmanuel’s Scorecard

Over 30 Children Disappear ln Delta Community Within 5 Months

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.