Estimated reading time: 5 minute(s)
For Nigeria’s future to be secured, about N350 trillion would be needed in line with the National Development Plan (2021-2025.
The Federal Government said the NDP would ease constraints hindering the economy from attaining its full potential, particularly in the product-mapping space as it will expunge obstacles to businesses.
Minister of Finance, Budget and National Planning, Zainab Ahmed, gave an insight on why the government decided to drive the NDP (2021-2025).
Ahmed said this while speaking during a special TV forum that examined binding constraints to the implementation of NDP, 2021-2025 recently in Abuja.
She said the government would work to ensure it meets the target.
She said: “I want to place on record that this plan is sufficiently comprehensive with the capacity to attain various regional and global agendas including the AU Agenda 2063, the ECOWAS Integration Agenda 2050 and the Sustainable Development Goals 2030.
“In order to have the future we all desire, the plan is developed to play a sizeable role in the product complexity space internationally and also adopt measures to easing constraints that have hindered the economy from attaining its full potentials, particularly in the product mapping space.”
Acting Director, Macro-Economic Analysis Department, Felix Amaechi Okonkwo said the NDP would be driven by the private sector with N300 trillion investment.
He said, “Let me just mention that this plan is different from other plans we have in the past, very different. It is going to be driven by the private sector. The funding, the investment size envelope of this plan is about N350 trillion, out of which the private sector is providing N300 trillion, while the government is providing N50 trillion approximately.
“The actual figure is N348 trillion but I just decided to round up the number. So 68 per cent of investment size of the plan is from the private sector, while only 14 per cent is from the public.”
Estimated reading time: 1 minute(s)
FOOTNOTE: Do you want to share a story with us? Do you want to advertise with us? Do you need publicity for a product, service, or event? Contact us on WhatsApp +2348183319097 or email: platformtimes@gmail.com
