The federal government has stated that it will reduce poverty to 0.6% and unemployment to 6.3% by 2030 and 2050, respectively.
Sen. Atiku Bagudu, Minister of Budget and Economic Planning, stated this at a news conference at the 29th Nigerian Economic Summit (#NES29) in Abuja on Thursday.
The theme of the #NES29 conference, which will be held from October 23 to 24 at the Transcorp Hilton in Abuja, is “Pathways to Sustainable Economic Transformation and Inclusion.”
The theme, according to Bagudu, was chosen to debate the imperatives of modernizing the nation’s economy while guaranteeing inclusivity.
He stated that discussions would focus on five sub-themes, including promoting economic growth and mobilizing funding for sustainable development.
They also involve, among other things, harnessing human capital development, boosting national cohesion inclusive, and modernizing public institutions.
Bagudu stated that the sub-themes would address essential pillars in the NDP 2021-2025, the Nigeria Agenda 2050, and the Renewed Hope Agenda.
“The main target of the Nigeria Agenda 2050 is to increase the country’s per capita GDP to 6,000 dollars and 33,000 dollars by 2030 and 2050, respectively.
“It will also bring the 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 in the group of upper-middle-income economies.
“The plan will be effectively implemented by successive governments through six number 5-Year Medium-Term National Development Plans and Annual Budgets,” he said.
The minister said the Renewed Hope agenda and eight priority areas of the current administration were aimed at fast-tracking the goals of the Nigeria Agenda 2050.
“The ministry is in the process of conducting the mid-term review of the NDP 2021-2025 with the purpose of fine-tuning the plan and ensuring that the renewed hope agenda of the current government is incorporated into the NDP 2021-2025.
“The Ministry will welcome innovative ideas from the stakeholders at the summit to ensure its effective integration into the NDP 2021-2025,” Bagudu said.
He said that the summit’s success would depend on the active and deliberate participation of all critical stakeholders.
The stakeholders, according to him, include the federal government, sub-national government, private sector operators, civil society organisations, the media and development partners.
The minister commended the contributions and commitments of the various corporate organisations and government institutions towards successfully hosting the summit.
The News Agency of Nigeria (NAN) reports that NES is organized annually by the Federal Ministry of Budget and Economic Planning and the Nigerian Economic Summit Group (NESG).