Nigerian Government plans to lift 35m Nigerians out of poverty in five years

The Minister of State for Budget and National Planning, Prince Clem Agba has stated that the federal government planned to take 35 million Nigerians out of poverty through the National Development Plan (NDP) 2021- 2025.

Speaking at the 2021 African Statistics Day celebration in Abuja, he said the plan also envisaged broad-based economic growth of about 5 per cent on average as well as create about 21 million full time jobs. He said the NDP would also seek to increase the federal government’s net revenue at all levels to 15 per cent of GDP by 2025.

The minister said, “The Plan seeks to achieve these laudable goals in the medium term by expanding economic growth, growing an inclusive economy, leveraging on its young workforce and enhancing execution capacity at the national and sub-national levels.”

He said the plan envisions Nigeria being a leading industrialising and reforming nation in Africa, that will focus on building its institutional capacity and capability as well as fostering a private sector-led growth to help address the critical issues of job and wealth creation and poverty reduction.

the authorAV1 NEWS

Leave a Reply