By Adetayo Omotoyosi Adeolu
The National Executive Council, NEC, on Thursday approved the Nigerian Medium-term National Development Plan for 2026 to 2030. The Renewed Hope Economic Development Plan is designed to build on current reforms and further President Tinubu’s ambitious goal of achieving $1 trillion in economic growth.
Minister of Budget and Economic Planning, Senator Atiku Bagudu, announced the approval while briefing State House correspondents after Thursday’s National Economic Council (NEC) meeting chaired by Vice President Kashim Shettima. He said the new plan will replace the existing 2021–2025 framework, which is set to conclude in December.
Bagudu noted that the Renewed Hope Plan is based on Nigeria’s long-term Agenda 2050. This agenda was created in 2020 with extensive contributions from the private sector, civil society, political parties, traditional institutions, and various other stakeholders.
He said, “The Renewed Hope Plan 2026–2030 will ensure policy continuity, consolidate ongoing reforms, and respond to emerging socioeconomic challenges. It will accelerate job creation, improve human capital, expand sustainable infrastructure, enhance food security, and strengthen social protection. “The Council approved the proposed new national development plan, the Renewed Hope 2026–2030, and urged effective participation by all states and stakeholders to guarantee inclusivity and accelerated growth.”
