The Minister of Budget and Economic Planning, Sen. Atiku Bagudu has revealed the Federal government’s target to increase the country’s GDP per capita to $6000 and reduce unemployment to 6% by 2030.
Nigeria’s GDP per capita currently stands at $2,184 while its unemployment rate dropped to 4.1% according to the latest report.
Beyond that, the Minister also said there are plans to reduce the poverty rate to 0.6% and transition the country to a middle-income economy.
Sen. Bagudu disclosed this during a press briefing in preparation for the Nigeria Economic Summit billed to be held from October 23 to 24, 2023.
In his words,
Speaking further on the themes of the summit, the Minister said the discussions revolving around the theme will encompass five sub-themes, which include stimulating economic growth and mobilizing finance for sustainable development.
Additionally, these discussions will focus on harnessing human capital development, promoting national cohesion and inclusion, and reforming public institutions, among other pertinent topics.
Bagudu mentioned that these sub-themes are intended to address relevant aspects outlined in the National Development Plan 2021-2025, Nigeria Agenda 2050, and the Renewed Hope Agenda.
The minister emphasized that the “renewed hope agenda” and the eight priority areas of the current administration were designed to expedite the objectives of the “Nigeria Agenda 2050.”
Additionally, he highlighted the “NDP 2021-2025” with its focus on achieving a double-digit growth rate and fostering inclusive development.
He also expressed that the ministry is open to “innovative ideas” from stakeholders at the summit to ensure their effective integration into the NDP 2021-2025.