NEC Rolls Out 2026–2030 Plan To Boost Nigeria’s Economy To $1trm

The National Economic Council (NEC) on Thursday unveiled the framework for the Renewed Hope Development Plan (2026–2030).

The plan is aimed at consolidating Nigeria’s reform agenda and actualizing the $1 trillion economy target under President Bola Tinubu’s administration.

The announcement was made during the 151st meeting of the council held at the Presidential Villa, Abuja.

The plan, which builds on existing policies, emphasizes continuity and aligns Nigeria’s growth trajectory with the long-term goals of Nigeria Agenda 2050.

In a statement, Vice President Kashim Shettima, who chairs NEC, said, “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.

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This is no ordinary transition. It is the bridge between lessons learnt and ambitions pursued.”

He added, “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.”

Shettima emphasized that the plan will be participatory, 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,” he stated.

He 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 an intervention to lower farmers’ energy costs, expand dry-season farming, and reinforce food security,” the Vice President added.

NEC further urged the Accountant General of the Federation to expedite the release of funds for the next national immunization campaign to ensure a hitch-free exercise, highlighting the council’s focus on translating policies into tangible outcomes for citizens.

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