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NESG summit to assist Nigeria government craft 2021-2025 Medium Term Plan

The Federal government of Nigeria yesterday said the 26th Nigerian Economic Summit (#NES26) was timely as the outcome of the summit would enable the government to develop a Medium-Term National Development Plan (MTNDP) for 2021-2025.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this yesterday at the NES#26 held at the main auditorium of the ministry in Abuja.

Ahmed also noted that the submit would assist the government to develop its Longer Term Plan, known as the Nigerian agenda 2050.

She explained that the plans were to address developmental challenges in all aspects of the country, which would be driven by both the private sector and government

The minister hinted that the MTNDP 2021-2025 was expected to be formally launched in December 2020 while the Nigeria Agenda 2050 would be finalized in July 2021.

According to her, “This is timely as the government is currently developing a Medium-Term National Development Plan (MTNDP), 2021-2025, and the Nigeria Agenda 2050. There are 26 Technical Working Groups, Central Working Group and the Steering Committee committed to the process.

“The process is consultative, participatory, and inclusive involving all the segments of the society and covering all the sectors of the economy. The Plans are to address developmental challenges in all aspects of the country’s national life and will be driven by the Organised Private Sector while the government creates the enabling environment to facilitate growth and development and aligned to the continental Agenda (AU Agenda 2063) and Global Agenda(Sustainable Development Goals (SDGs), 2030.

“The MTNDP 2021-2025 is expected to be formally launched in December 2020 while the Nigeria Agenda 2050 will be finalized in July 2021.

“Distinguished Gentlemen of the Press, the Summit will be an opportunity to mobilize all Nigerians to take responsibility and catalyze a future in which sub-national economies will drive Nigeria’s sustainable economic growth, development, and competitiveness in partnership with the private sector.

“It is expected that the outcome of the Summit will articulate clear and decisive actions aimed at building partnerships for resilience that will put Nigeria in a strong and competitive position among the comity of nations.”

Ahmed pointed out that this year’s summit was particularly unique for the country as all stakeholders would be required to take ownership of the social and economic future of Nigeria at a time of crisis and create a more prosperous nation for all citizens.

Earlier in his opening remarks, Chairman of the National Economic Summit Group (NESG), Asue Ighodalo said the summit presents an opportunity for the country to continue to collaborate and build partnerships that would provide the platform for candid discussions and engagements essential for the advancement of Nigeria’s economy.

He stressed that the summit would also usher the country into the decade of action towards meeting the sustainable development goals by 2030.

Ighodalo pointed out that part of its focus at NES#26 would be to position sub-national, states, and local governments as frontiers of national economic development and growth.

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