Inclusive growth requires Nigerians to live in an environment that allows them to thrive. Securing this requires providing social infrastructure, access to water and sanitation services; managing environmental resources and disaster situations; and ensuring adequate consideration for historically underserved populations (e.g., women, people with special needs). Against this backdrop, the Plan will also tackle unemployment – with a special focus on the youth. Alongside these efforts, the government will invest in expanded poverty alleviation and social protection programmes, to ensure that the most vulnerable are not left behind.
This area will focus on critical sectors that currently drive economic growth and/or growth sectors in Nigeria namely agriculture, manufacturing, oil and gas, solid minerals and creative industry. Some of the proposed interventions include strengthening value chain linkages by promoting local sourcing and value addition; launching financial interventions to finance manufacturing expansion; increasing oil production through adequate investment in the upstream subsector while reducing the overall cost of production; creating linkages across the mineral sector and beyond for value addition to enhance local production and job creation; and increasing focus on the tourism sector through local asset maintenance and global marketing campaigns. Business environment initiatives such as leveraging technology to improve efficiencies and overall competitiveness will be initiated to support these interventions.
Interventions to foster regional development and aid population management will be introduced to reduce uneven development across the country. These include investments in physical infrastructure and social services to reduce disparities in human development indicators and a targeted approach towards strengthening the economy that recognizes the comparative strengths of each State and provides opportunities for differentiation.