Our Development Plan will Lift 35m out of Poverty, Generate 21m Jobs – FG
The Minister of State for Finance, Budget and National Planning, Prince Clem Agba, has said the implementation of the new national development plan would lift 35 million Nigerians out of poverty and create 21million full-time jobs by 2025.
He said this would aid the target of lifting 100 million Nigerians out of poverty in 10 years time.
Agba made this known in Abuja during a question and answer session of the 28th National Economic Summit.
He said the policy had private sector buy-in including that of states and local governments.
Agba said government has taken note of laws stiffing private sector investment and efforts were on to replace them.
“We are currently in the process of finalising the Nigeria Agenda 2050. Broadly, all past Plans had the overarching goals of economic diversification, employment generation, infrastructure development, and poverty reduction. In addition to these, the NDP 2021 – 2025 has a unique objective of establishing a strong foundation for a concentric economic diversification, implying that the economy had already been diversified but the focus of the Plan is to deepen the diversification effort within the sectors such that each sector could substantially increase its contribution to GDP and create more jobs.
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“The overall vision of the Plan is to make Nigeria a country that has unlocked its potential in all sectors of the economy for a sustainable, holistic and inclusive development. The Plan is designed to lift 35 million people out of poverty and generate 21 million full time jobs by 2025, thus setting the stage for achieving government’s target of lifting 100 million Nigerians out of poverty in 10 years. The Plan is also unique in many respects: The process for its preparation was not only participatory and consultative, but inclusive and benefited from the lessons learnt from the implementation of previous Plans.
It has three (3) Volumes structured around seven Cluster Areas, namely: Volume I which is the Policy document, while Volume II contains the prioritized costed capital Programmes and Projects that will form the foundation of the Federal Government’s annual budget. The Volume III deals with the legislative imperatives identified as binding constraints to Plan implementation and has identified 18 laws and 10 policies that constrained Plan implementation over the years.
A Technical Working Team (TWT) comprising the Office of the President on Ease of Doing Business, relevant Ministries, Departments and Agencies (MDAs) and a renowned legal firm has been set-up to review these laws and policies with a view to enriching Plan implementation,” he said.
