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Federal Govt Reviews Development Plan to Drive $1trn Economy by 2030

The Federal Government has begun reviewing the National Development Plan (NDP) 2026–2030 to align the country’s development priorities with its target of building a $1 trillion economy by 2030.

The Minister of State for Budget and Economic Planning, Dr Doris Uzoka-Anite, disclosed this at a stakeholders’ retreat in Abuja to review and finalise the draft plan, which is designed to advance Nigeria Agenda 2050.

Uzoka-Anite said the new plan must build on the gains and address the shortcomings of the NDP 2021–2025 through credible data, realistic projections, clear policy measures, adequate financing and measurable targets.

She urged stakeholders to use findings from the Renewed Hope Ward-Based Development Framework Survey, conducted across 8,809 wards, to identify local economic conditions, infrastructure gaps and grassroots development priorities.

The draft plan is built around seven strategic pillars: macroeconomic stability and sustainable financing; oil, gas and energy security; economic diversification, productivity and competitiveness; infrastructure and environmental resilience; governance and public-sector transformation; peace, security and national resilience; and human capital, social development and inclusive growth.

Uzoka-Anite also inaugurated a Technical Working Group, co-chaired by Professors Olu Ajakaiye and Mike Obadan, to review the draft and ensure its alignment with Nigeria Agenda 2050, the Renewed Hope Agenda and the $1 trillion economy target.

Other members include Professors Uche Uwaleke, Adeola Adenikinju, Jonathan Aremu, Emmanuel Oladipo, Sam Amadi, Usman Tar and Bongo Adi, as well as Dr Nguyan Shaku Feese.

The group is expected to review the plan’s sectoral priorities, economic assumptions, baseline data and targets, and recommend realistic milestones for 2030.

It will also produce a consolidated document outlining proposed interventions, financing arrangements, institutional responsibilities and monitoring mechanisms.

Earlier, the Permanent Secretary of the ministry, Dr Deborah Odoh, said the review should address gaps and inconsistencies in the draft, validate data and economic assumptions, and establish clear links between development priorities, funding and implementation.

She said the final plan would guide the Medium-Term Expenditure Framework, annual budgets and sectoral investment decisions.

Participants at the retreat included representatives of academia, development partners, the business community, civil society organisations and other relevant sectors.

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