Two years after inauguration, Pres. Buhari launches “Agenda 2050”

Nigeria’s “Agenda 2050” conceived to make the country a high-income economy by the year 2050 has been launched by President Muhammadu Buhari.

The launch is coming nearly seven weeks after the Federal Executive Council (FEC) approved the policy document on March 15, 2023.

On September 9, 2020, the President had inaugurated the National Steering Committee (NSC) for the preparation of the Medium-Term National Development Plan (MTNDP) 2021 – 2025 and Nigeria Agenda 2050.

Persecondnews reports that the Nigeria Agenda 2050, which was approved by the National Economic Council (NEC), aims to improve Nigeria’s GDP per capita from about $2,084.05 in 2020 to $6,223.23 in 2030 and $33,328.02 in 2050, as well as create about 165 million jobs to spur poverty reduction.

In his remarks during the launch on Wednesday, Buhari asserted that the vision is a product of a dynamic knowledge based economy to provide sustainable development by 2050, adding that it will be useful for subsequent administrations.

He said: “This vision is a product of a dynamic knowledge-based economy to provide sustainable development by 2050.

“The goal is to increase per capita income of Nigeria to $33,328 per annum to be placed amongst the world’s top economies by 2050.

“I hope this document will prove useful for subsequent administrations.”