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The Federal Government of Nigeria said it is fully committed to implementing the country’s Agenda 2050 to attain a gross domestic product (GDP) per capita of US$33,000 and bring the poverty rate down to 0.6%, Minister of Budget and Economic Planning, Abubakar Atiku Bagudu stated.
The Federal Government of Nigeria said it is fully committed to implementing the country’s Agenda 2050 to attain a gross domestic product (GDP) per capita of US$33,000 and bring the poverty rate down to 0.6%, Minister of Budget and Economic Planning, Abubakar Atiku Bagudu stated.
The Minister said that the overall aim of Agenda 20250 was to increase the country’s per capita GDP, thereby transiting the economy to the highest per capita GDP among the upper-middle income economies. The plan will be effectively implemented by successive administrations through medium-term national development plans and annual budgets, he explained.
He said the goals of Sustainable Economic Development as ensured in the Nigeria Agenda 2050 include a stable and predictable macroeconomic environment, adopting policies that are consistent with raising domestic savings and investment, and creating an enabling and conducive business environment.
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The country also will seek to achieve economic diversification and sustainable growth and promote productivity/industrial development. The summit has become the largest and foremost annual convergence for public-sector policymakers and private-sector industry leaders in the country.
