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Three years after formation, Buhari unveils Agenda 2050

President Muhammadu Buhari

• Urges incoming administration to implement plan

President Muhammadu Buhari unveiled the Nigeria Agenda 2050 on Wednesday. The initiative aims to increase real GDP growth by 7%, generate 165 million new employment, and reduce the number of people living in poverty in Nigeria from an estimated 83 million in 2020 to 2.1 million by 2050.

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The launch took place in the Council Chambers of the Presidential Villa in Abuja just before the start of this week’s Federal Executive Council meeting.

It occurs almost three months after the National Economic Council endorsed the Agenda and about seven weeks after the FEC approved the policy document on March 15.

“This vision is a product of a dynamic knowledge-based economy to provide sustainable development by 2050,” the president stated during the event.

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By 2050, Nigeria’s per capita GDP must reach $33,328 in order for it to rank among the top economies in the world.

I hope that this material will be beneficial for upcoming administrations.

In November 2020, Buhari initially established the National Steering Committee for the creation of the Nigeria Agenda 2050 and the Medium-Term National Development Plan 2021–2025.

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By 2050, it aims to elevate Nigeria to the position of an Upper Middle-Income Country and then a High-Income Country.

The Council also observed a moment of silence in memory of Late Musa Gwadabe, who passed away on Wednesday, April 26, 2023 at the age of 86 and was a former minister of employment, labor, and productivity.

After then, the meeting officially started with Vice President Yemi Osinbajo, Secretary to the Government of the Federation Boss Mustapha, Head of the Civil Service Dr. Folashade Yemi-Esan, and Chief of Staff to the President Prof. Ibrahim Gambari present.

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The ministers of the interior, Rauf Aregbesola; finance, Zainab Ahmed; transportation, Mu’azu Sambo; agriculture, Mohammed Abubakar; health, Dr. Osagie Ehanire; communication and digital economy, Prof. Isa Pantami; sports, Sunday Dare; aviation, Hadi Sirika; environment, Mohammed Abdullahi; works and housing, Babatunde Fashola; and FCT, Mohammed Bello, are also in attendance.

Clem Agba, Mariam Katagum, Zubairu Dada, and Ekumankama Nkama, Ministers of State for Industry, Trade, and Investment, Budget, and National Planning, as well as for Foreign Affairs, are also in attendance.

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