NIGERIA AGENDA 2050

An Act sets out a long-term framework to transform Nigeria into a prosperous and industrialized economy by 2050. It targets the government, private sector, and youth for inclusive development. This aims to diversify the economy and enhance human capital.

What Is This Policy?

Nigeria Agenda 2050 is a long-term national development policy framework aimed at transforming Nigeria into a prosperous, industrialized, and globally competitive economy by 2050.

Who Does It Target?

Nigeria Agenda 2050 targets the government, private sector, youths, women, vulnerable groups, and investors to achieve inclusive economic growth and national development by 2050.

What Does It Aim to Achieve?

It aims to transform Nigeria into a prosperous, industrialized, inclusive, and globally competitive middle-income country by 2050.

Key Features

Long-term Vision (2020–2050): A 30-year development framework for national transformation. Economic Diversification: Focus on agriculture, manufacturing, technology, and services not just oil. Human Capital Development: Emphasis on education, skills, healthcare, and youth empowerment. Private Sector–Led Growth: Encourages investment and business-driven development.

Current Status

Rollout Stage: active in its implementation stage Coverage: applies nationwide Beneficiaries to Date: no beneficiaries yet Funding: is intended to come from a mix of public and private sector investment

Important Terms

Term 1-National Development Plan (NDP): A medium-term plan (e.g., 2021–2025) used to implement Agenda 2050 in phases. Term 2- Economic Diversification: Reducing dependence on oil by developing agriculture, manufacturing, ICT, etc.

Official Resources

Federal Ministry of Budget and Economic Planning The government ministry that hosts Nigeria Agenda 2050 information: https://nationalplanning.gov.ng (includes the Agenda 2050 page) Home Address: C31010 Adekunle Fajuyi Street, Central Business District, Abuja, FCT, Nigeria Email: [email protected] Home Working Hours: Monday – Friday: 08:00 – 18:00 (local time) Link to document: Link to document

Legal Framework

Nigeria Agenda 2050 operates as the Federal Government's overarching long-term development framework, prepared under the authority of the National Planning Commission Act and the Medium Term Expenditure Framework guidelines. It aligns with the Fiscal Responsibility Act 2007, the Sustainable Development Goals (SDGs 2030 Agenda), the African Union's Agenda 2063, and the ECOWAS Vision 2050, providing the contextual framework within which the Economic Recovery and Growth Plan and subsequent national development plans operate.