By Muhammad Mamman
Nigeria’s National Economic Council (NEC) has endorsed the transformative Nigerian Medium-term National Development Plan (2026–2030), dubbed the Renewed Hope Economic Development Plan, aimed at catapulting the nation towards President Bola Tinubu’s audacious target of a $1 trillion economy. The plan, unveiled on Thursday, builds on ongoing reforms and sets a bold course for sustainable growth.
Speaking to journalists after the 151st NEC meeting, chaired by Vice President Kashim Shettima at the State House in Abuja, Minister of Budget and Economic Planning,Senator Abubakar Atiku Bagudu, announced that the Renewed Hope Plan will succeed the current 2021–2025 framework, set to expire in December. The new blueprint aligns with Nigeria’s long-term Agenda 2050, crafted in 2020 through robust collaboration with the private sector, civil society, political parties, traditional institutions, and diverse stakeholders.
“The Renewed Hope Plan 2026–2030 ensures policy continuity, consolidates critical reforms, and tackles emerging socioeconomic challenges head-on,” Bagudu said. “It will fast-track job creation, bolster human capital, expand sustainable infrastructure, enhance food security, and strengthen social protection systems.”
The NEC urged all states and stakeholders to actively participate in the plan’s rollout to foster inclusivity and drive accelerated, equitable growth across Nigeria. The approval marks a pivotal step in Tinubu’s vision to transform Africa’s largest economy into a global powerhouse by 2030.
