NIGERIA ECONOMIC SUSTAINABILITY PLAN
Plan · Agriculture
A Plan protects jobs and supports businesses amid economic shocks from COVID-19 and oil price drops. It targets micro, small, and medium enterprises, unemployed Nigerians, and the agricultural sector for stimulus measures. This maintains economic activity and fosters recovery.
NIGERIA ECONOMIC SUSTAINABILITY PLAN
What Is This Policy?
A comprehensive federal government stimulus plan designed to protect jobs, support businesses, and revive the Nigerian economy in response to the twin shocks of the COVID-19 pandemic and the collapse in global oil prices.
Who Does It Target?
Micro, small, and medium enterprises (MSMEs) Unemployed and underemployed Nigerians Agricultural sector participants Manufacturing and construction industries Vulnerable households
What Does It Aim to Achieve?
Maintain economic activity and employment, protect the most vulnerable Nigerians, stimulate local production, and position Nigeria for post-crisis recovery and structural transformation.
Key Features
Mass Agricultural Programme: Targets large-scale food production through support to smallholder farmers, aiming to feed Nigerians and reduce food imports. Solar Power Connections: Plans to extend basic solar electricity to 5 million households through consumer credit facilities. MSME Survival Fund: Provides grants and conditional payroll support to small businesses to prevent mass layoffs. Labour-Intensive Public Works: Creates jobs through infrastructure maintenance and construction projects in roads, buildings, and public facilities. Healthcare Infrastructure: Invests in upgrading primary healthcare centres and building isolation facilities nationwide.
Current Status
Rollout Stage: Implementation phase - programmes at various stages of delivery Coverage: Nationwide, with priority targeting of rural and low-income areas Beneficiaries: Estimated 1.7 million direct beneficiaries through survival fund alone Funding: N2.3 trillion stimulus package; Central Bank of Nigeria facilities and federal budget reallocations
How to Access
MSMEs: register on the MSME Survival Fund portal Farmers: engage through state agricultural development programmes Payroll support: register businesses with FIRS and provide payroll records Application method: Portals managed by respective implementing agencies including SMEDAN and CBN.
Important Terms
Payroll support required maintenance of staffing levels Agricultural inputs provided on credit terms in some states Solar connections structured as credit facilities repayable over time
Impact & Metrics
Estimated to support over 2.5 million jobs, increase local food production by millions of hectares, and accelerate Nigeria's structural shift away from oil dependence.
Official Resources
Website: https://statehouse.gov.ng Contact: Economic Sustainability Committee, Office of the Vice President
Legal Framework
Operates under the National Planning Commission Act, the Fiscal Responsibility Act 2007, the Central Bank of Nigeria Act 2007, and the Medium-Term Expenditure Framework. Draws on the UN SDG framework, the Economic Recovery and Growth Plan (2017-2020), and the CBN economic stimulus guidelines.