As a strategic move to strengthen Nigeria’s reform agenda and help the Tinubu administration achieve its $1 trillion economy target, the National Economic Council (NEC) has unveiled a framework for the Renewed Hope Development Plan (2026–2030).
These decisions were made at the council’s 151st meeting with NEC praising the Federal Ministry of Budget and Economic Planning for initiating the process and called on all states and stakeholders to participate fully to ensure the plan is inclusive and promotes accelerated growth.
The NEC also urged the Accountant General of the Federation to speed up the release of funds for the upcoming national polio immunization campaign to ensure a smooth operation.
According to a statement from Stanley Nkwocha, the Senior Special Assistant to the President on Media and Communications (Office of the Vice President), the council’s chairman, Vice President Kashim Shettima, stated that the new plan will build on current policies, ensure continuity, and align Nigeria’s growth with the long-term goals of the Nigeria Agenda 2050.
Shettima described the transition as vital for maintaining the country’s economic path and solidifying the administration’s ongoing reforms.
“Another major consideration today is the expiration of the National Development Plan 2021–2025 and the preparation of its successor, the Renewed Hope Plan 2026–2030.
“This, to us, is no ordinary transition. It is the bridge between lessons learnt and ambitions pursued. The Renewed Hope Plan will consolidate ongoing reforms, deepen policy continuity, and align our medium-term strategies with the long-term horizon of Nigeria Agenda 2050. It’s a practical roadmap towards a $1tn economy by 2030,” he said.
The Vice President emphasised that the plan will be participatory rather than top-down, engaging multiple tiers of government, civil society, and private actors.
“What is even more crucial is that this plan will not be drawn from the ivory towers of Abuja alone. It will be participatory. We are going to keep on engaging state governments, local governments, organised private sector, civil society, labour, youth, and traditional institutions, and the conversation begins here today,” he said.
The Vice President also announced that NASENI has scaled up local production of solar-powered irrigation pumps to reduce energy costs for farmers and expand dry-season cultivation.
“This is the story of the nation’s refusal to be hostage to petrol-powered systems. This is an intervention to lower farmers’ energy costs, expand dry-season farming, and reinforce food security.”
Shettima emphasized NEC’s role as a platform for problem-solving, urging members to ensure the council remains focused on converting policies into tangible results that benefit citizens.
“Distinguished colleagues, you have made sure that this council is not a stage for applause. You are the reason it is a workshop for solutions. Let this 151st meeting echo as a continuation of our covenant.
“Let it be remembered not only for the issues tabled but for the resolve shown. Let it move from chamber to community, from rhetoric to result,” the Vice President also said.
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