Economy and Business

NDP, NA to create 21 million jobs, federal government says

The National Development Plan or NDP 2021–2025 and Nigeria Agenda 2050 or NA 2050 are expected to create 21 million jobs and elevate 35 million people out of poverty by 2050, according to the Federal Government.

Minister of State for Finance, Budget and National Planning Prince Clem Ikanade Agba said the two programmes are the medium and long-term national development plans that will succeed the Economic Recovery and Growth Plan and Nigeria Vision 2020, both of which will end in December 2020.

According to him, the programmes also aim for a five per cent broad-based economic development.

“The plan seeks to achieve these laudable goals in the medium term by expanding economic growth, growing an inclusive economy, leveraging on its young workforce and enhancing execution capacity at the national and sub-national levels,” said the minister.

“The NDP 2021 – 2025 envisions Nigeria being a leading industrialising and reforming nation in Africa that will focus on building its institutional capacity and capability as well as fostering a private sector-led growth to help address the critical issues of job and wealth creation and poverty reduction.”

The NDP puts forward the country’s medium-term strategic direction, development goals, and implementation strategies.

The NA 2050, on the other hand, is a long-term strategy aimed at repositioning Nigeria as one of the world’s leading countries within the next three decades, as well as “to lift 100 million Nigerians out of poverty within the next 10 years”, according to President Buhari.

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