President Muhammadu Buhari has unveiled the Nigeria Agenda 2050, which aims to increase real GDP growth by 7% and create 165 million new jobs across the country.
The President conducted the launch, which comes roughly seven weeks after the Federal Executive Council (FEC) adopted the policy document on March 15, before the start of the weekly FEC meeting on Wednesday.
President Buhari stated in his remarks that the goal is the result of a dynamic knowledge-based economy that will bring sustainable development by 2050.
He expressed the belief that the document which equally aims to increase per capita income of Nigeria to 33,328 dollars per annum to be placed amongst the world’s top economies by 2050, will be useful for subsequent administrations.
Buhari first inaugurated the National Steering Committee for the preparation of the Medium-Term National Development Plan 2021 – 2025 and Nigeria Agenda 2050 in November 2020.
Meanwhile, the council observed a minute’s silence in honour of Late Musa Gwadabe, a former Minister of Solid Minerals Development and former Minister of Employment, Labour and Productivity, who passed away on Wednesday, April 26, 2023, aged 86.
In attendance at this week’s FEC include Vice President Yemi Osinbajo; Secretary to the Government of the Federation, Boss Mustapha; Head of Civil Service, Folashade Yemi-Esan; and the President’s Chief of Staff, Ibrahim Gambari.
Also present are the Ministers of Interior, Rauf Aregbesola; Science and Technology, Olorunimbe Mamora; Finance, Zainab Ahmed; Transportation, Mu’azu Sambo; Agriculture, Mohammed Abubakar; Health, Osagie Ehanire; Communication and Digital Economy, Isa Pantami; Sports, Sunday Dare, Aviation, Hadi Sirika, Environment, Mohammed Abdullahi; Works and Housing, Babatunde Fashola and FCT, Mohammed Bello.
The Ministers of State for Budget and National Planning, Clem Agba; Industry Trade and Investment, Mariam Katagum; Foreign Affairs, Zubairu Dada as well as that of Health, Ekumankama Nkama are also present.