By 2025, the effective implementation of the Plan is expected to achieve average economic growth of 4.6 percent. Cumulatively it would have lifted 35 million people out of poverty and created 21 million full-time jobs. It would have also raised revenue to GDP ratio to 15 percent as well as improve health and education of the population.
To attain the objectives of the Plan, a total of N348.1 trillion investment commitment is required. The Government (Federal, States and LGAs) investment is expected to be N49.7 trillion, while the balance of N298.3 trillion will be funded by the private sector. A strong partnership between the public and private sectors is, therefore, imperative for successful delivery of the Plan outcomes. Government will also put in place a robust implementation framework that promotes performance and accountability. In this regard, the development Plan Implementation Unit and the National Monitoring and Evaluation system will be strengthened for assessment and tracking of government policies and programmes.
To deliver on the laudable initiatives contained in the Plan, concerted efforts and commitment of all stakeholders are required. I, therefore, enjoin all Nigerians to fully take ownership of this Plan and participate actively in its implementation to enable us realize Nigeria of our dream.
H.E. Muhammadu Buhari, GCFR
President and Commander-In-Chief of the Armed Forces
Federal Republic of Nigeria
What is the National Development Plan (NDP), 2021 – 2015?
Nigeria’s National Development Plan (NDP), 2021 – 2015 is a medium-term blueprint designed to unlock the country’s potentials in all sectors of the economy for a sustainable, holistic and inclusive national development, developed by the different facet of the Private Sector, Sub-national Government, Civil Society Organization (CSO) and facilitated by the Federal Government of Nigeria.
On 9th September, 2020, His Excellency, President Muhammadu Buhari, GCFR, inaugurated the National Steering Committee (NSC) for the preparation of the National Development Plan (NDP) 2021 – 2025 and Nigeria Agenda 2050 to succeed the Economic Recovery Growth Plan 2017 – 2020 and Nigeria Vision 20:2020.
The NSC is co-chaired by the Honourable Minister of Finance, Budget and National Planning, Mrs (Dr.) Zainab Ahmed, for the public sector and Mr. Atedo Peterside for the private sector.
The National Development Plan 2021-2025 (NDP) aims to lift 35 million people out of poverty by 2025. Nigeria will make substantial progress towards achieving this overarching goal through accelerated, sustained, and inclusive economic growth, effective and expanded social-protection initiatives, improved governance structures at both the Federal and State levels, and deep engagement between the private and public sectors.
Social sectors such as health and education will be further improved upon to have a modernized economy that can compete globally. Government recognises the need for a well-thoughtout plan to continue to guide the implementation of its policies, strategies, programmes and projects. It is therefore focusing on private sector-led growth to address the critical issues of job creation and poverty reduction.
This Plan envisions a country where the building blocks are put in place for everyone to attain their full potential. To eliminate poverty and reduce inequality, the economy must grow faster and in ways that benefit all Nigerians. The youth deserve better educational and economic opportunities, and the elimination of gender inequality requires focused efforts. Promotion of greater opportunities for young people and facilitation of gender equality are integrated themes throughout this Plan.
The Vision Statement
To make Nigeria a country that has unlocked its potential in all sectors of the economy for a sustainable, holistic, and inclusive national development.
To effectively guide the implementation of programmes and policies that promote rapid multi-sectoral growth and development of Nigeria’s economy.