In a significant stride for Nigeria’s economic future, the National Economic Council (NEC) has officially approved the Renewed Hope Development Plan (2026–2030)—a bold, practical roadmap aimed at positioning the country as a $1 trillion economy by 2030. This announcement was made during NEC’s 151st meeting, chaired by Vice President Kashim Shettima, at the Presidential Villa, Abuja.
Vice President Shettima described the transition from the outgoing 2021–2025 National Development Plan as “no ordinary handover,” but rather a vital bridge between Nigeria’s lessons learned and its ambitions yet to be achieved. He stressed that the new plan would consolidate existing reforms, deepen policy consistency, and align medium-term strategies with the long-term goals of Nigeria Agenda 2050.
Unlike traditional top-down approaches, the Renewed Hope plan emphasizes a participatory framework. It will actively involve state governments, local councils, the organised private sector, civil society, youth, labour groups, and traditional institutions.
To drive the process, NEC resolved to establish three governance structures:
- National Steering Committee
- Central Working Group
- Technical Working Groups
These entities will be co-chaired by leaders from both public and private sectors, with governors representing all six geopolitical zones.
The plan is built around five strategic pillars designed to ignite inclusive growth and resilience:
- Job creation
- Human capital development
- Infrastructure expansion
- Food security enhancement
- Social protection strengthening
NEC also mandated the Accountant General to expedite funds for the upcoming national polio immunisation campaign, underscoring the importance of public health in society’s resilience. The National Agency for Science and Engineering Infrastructure (NASENI) has boosted local production of solar-powered irrigation pumps—cutting energy costs for farmers and reinforcing food security during the dry season.
