The Federal Government of Nigeria has approved a new Medium-Term National Development Plan for 2026-2030. This new plan, which will be launched in December 2025, is designed to guide economic and social policies across all three tiers of government – federal, state, and local. It will replace the current 2021-2025 plan, which expires at the end of this year.
Abubakar Atiku Bagudu, Minister of Budget and Economic Planning, disclosed the approval during a briefing to the media after a meeting of the National Economic Council. He explained that the previous plan failed to achieve its projected 7 per cent growth rate because the past administration lacked the “political will” to implement necessary reforms.
Bagudu highlighted that since President Bola Tinubu took office in 2023 and enacted major economic reforms, such as the removal of fuel subsidies and foreign exchange market liberalization, the economy has begun to respond as expected. This progress gives the government confidence that the new 2026-2030 plan will be more successful.
Key Goals of the New Plan
The new plan, which is a part of Nigeria’s long-term Agenda 2050, aims to:
- Ensure policy continuity and consolidate ongoing reforms.
- Accelerate job creation.
- Improve human capital and expand sustainable infrastructure.
- Enhance food security and strengthen social protection.
The plan’s preparation will be a collaborative effort, involving all levels of government, the private sector, civil society organizations, and traditional institutions. This participatory approach is intended to ensure that the plan reflects the needs and priorities of all Nigerians.
