Minister for Finance, Funds and Nationwide Planning Zainab Ahmed has mentioned that the Federal Authorities is at present finalizing ‘Nigerian Agenda 2050’ to succeed Imaginative and prescient 2020 which expired two years in the past.
Ahmed mentioned this on Monday in Abuja on the twenty eighth Nigerian Financial Summit.
The Nigerian Information Company reviews that the theme of this yr’s summit was “2023 and past: Priorities for shared prosperity.”
In accordance with the minister, the federal government had beforehand formulated the Nationwide Growth Plan 2021-2025 to succeed the Development and Financial Restoration Plan 2017-2020.
“We’re within the second yr of the PND 2021-2025 with the personal sector on the helm.
“Although, challenged by a income shortfall, the federal government has stood by its pact by prioritizing capital releases in favor of ongoing essential infrastructure initiatives within the power, freeway, railway, agriculture, well being and schooling sectors.
“That is aimed toward strengthening the Nigerian financial system after the COVID-19 pandemic,” he mentioned.
The minister added that sources have been being mobilized with much less emphasis on oil revenues.
He mentioned that funding for the 2021-2025 NDP would rely closely on home useful resource mobilization from non-oil income sources via the outcomes of the Strategic Income Development Initiative and Finance Acts.
“This can additional improve and diversify authorities income and entrench fiscal prudence and worth for cash,” he mentioned.
Ahmed additional emphasised that the theme of this yr’s NES was fastidiously chosen to supply steerage for stakeholders to look at the progress the present authorities had made in delivering the 2021-2025 NDP.
He mentioned that the Nigeria 2050 Agenda, which might be launched quickly, seeks to extend the per capita Gross Home Product of the nation to $33,000.
Ahmed praised the president, Main Common Muhammadu Buhari (ret.), for his continued assist of the NESG over the previous seven years.
He mentioned that the collaboration between the Ministry of Finance and the group had supplied the platform for normal dialogue and engagement with the personal sector and different stakeholders.