PRESIDENT Muhammadu Buhari, on Wednesday, May 3 in Abuja, inaugurated a long-term National Development Plan, the Nigeria Agenda 2050 (NA 2050).

The Plan aims to ensure that Nigeria attains a Per Capita GDP of $33,328 per annum, placing it among the top middle-income economies in the world by 2050.

Performing the ceremony shortly before the beginning of the Federal Executive Council (FEC) meeting at the Council Chamber, Buhari said the Plan had the vision of a dynamic, industrialised and knowledge-based economy that generates inclusive and sustainable development for the country.

He added that given the measures already in place for continuous plan implementation, successive administrations would find the document useful in the delivery of electoral promises.

He stated: “You will recall that in March 2020, I approved the development of successor Plans to both Nigeria Vision 20:2020 and the Economic Recovery and Growth Plan (ERGP), 2017-2020. The Plans lapsed in December 2020.

“To give effect to this approval, I inaugurated the National Steering Committee in September 2020, under the leadership of the Minister of Finance, Budget and National Planning, and a distinguished private sector operator, Mr. Atedo Peterside.

“The Steering Committee is to superintend the preparation of the Nigeria Agenda 2050 and the National Development Plan (NDP), 2021-2025 to succeed the Nigeria Vision 20: 2020 and Economic Recovery and Growth Plan (ERGP), 2017-2020, respectively.

“At the inauguration, I charged the Steering Committee to prepare inclusive Plans that would cover all shades of opinion and ensure even and balanced development, as well as put in place necessary legislations for continuous implementation of Plans even after the expiration of the tenure of successive administrations.

“This was achieved with the preparation of the Volume III of the NDP that deals with Legislative Imperatives for identified binding constraints to Plan implementation in Nigeria.”