Minister of Budget and National Planning, Clem Agba |
The Federal Government is targeting 6.3 per cent rate, 7 per cent economic growth and 0.3 per cent poverty rate by 2050.
This was disclosed by the Minister of Budget and National
Planning, Clem Agba, during a pre-National Economic Summit press conference
held in Abuja on Wednesday.
Agba said the Nigeria Agenda 2050, which was developed by
the current administration, was designed to transform the country into an upper
middle-income developing country with a per capita income of $33,000.
On the other hand, he said, the National Development Plan
2021-2025 had the vision to unlock the potential of the country in all sectors
of the economy for a sustainable, holistic and inclusive national development.
He said the Nigeria Agenda 2050 would be implemented through
a series of medium-term plans and annual budgets.
“The plan is meant to drastically bring poverty rate to 0.6
per cent and unemployment rate to 6.3 per cent while transiting the economy to
the highest per capita GDP of the group of upper middle income economies,” he
said.
He said sustained growth was key to eradication of poverty.
On the Nigeria Economic Summit, which will take place on
November 14 and 15 in Abuja, the Minister said the Federal Government,
represented by the Federal Ministry of Budget and National Planning, in very
close collaboration with Nigeria Economic Summit Group, had been organising the
annual Economic Summit in the past 27 years, noting that it had become a widely
recognised platform for top policy makers and corporate leaders to interact and
exchange ideas on contemporary socio-economic challenges with a view to
proffering enduring solutions for policy action.
He said the theme of this year’s summit was, “2023 and
Beyond: Priorities for Shared Prosperity,” stressing that “it was carefully
chosen to discuss priorities for post-2023 on policies and programmes
encapsulated in the National Development Plan, 2021-2025 and Nigeria Agenda
2025.”
Chairman of NESG, Asue Ighodalo, said the summit was
targeted at deliberating on critical issues bedeviling the country, with a view
to proferring solutions. -PUNCH
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