Nigeria Agenda 2050.
Country
Type of law
Policy
Abstract
This Nigeria Agenda presents the government’s long-term economic transformation blueprint to address the economic and social developmental challenges and transform Nigeria in an upper middle-income country, through a full engagement of all resources, in order to achieve inclusive growth, reduce poverty and unemployment, increase social and economic stability, create a sustainable environment, and reduce global concerns about climate change. The mission of the Nigeria Agenda 2050 provides for implementation of a series of appropriate medium-term plans, and annual budgets for inclusive and sustainable development. The associated core objectives of the Agenda, built on seven pillars, are: establishing a stable and predictable macroeconomic environment for a private sector-led economy, with domestic savings and investment; strengthening institutions and ensuring good governance; transforming Nigeria into a major economy in Africa, playing a leading role in various regional agreements; promoting development opportunities across states to reduce regional economic and social disparities; developing social and human capital; improving environmental and regional development.
These objectives are further elaborated in the chapters of the Agenda dealing with all aspects of the Nigerian economy, through the following targeted actions: promotion of selected export crops; increasing of agro-ecological zones; training of youthful population to transition from subsistence to commercial agriculture; improving irrigated farming opportunities; improvement livestock techniques; increasing artisanal fisheries’ efficiency, and eliminating the smuggling of fish by instituting policies for freshwater, deep sea, and coastal fishing to curb illegal fishing; reducing desertification; revitalising fertilisers production; separation of commercial seeds production from grain production; exploration and assessment of the quantum of minerals deposits; increasing the production capacity of mineral and mining sector; addressing food security and nutrition issues, such as: insufficient food consumption, ignorance of dietary requirements, poor food preservation techniques, children malnutrition; reducing contamination of groundwater and surface water; increasing water resources management, and efficiency in public water corporations activities, in order to improve water supply; ensuring access to safe drinking water; expanding access to sanitation services; improvement of disposal of household and industrial waste; adequate funding of environmental programmes and projects; increasing institutional capacity to manage environmental disasters; promotion of targeted strategies concerning: green economy, circular economy, and climate smart technologies.
These objectives are further elaborated in the chapters of the Agenda dealing with all aspects of the Nigerian economy, through the following targeted actions: promotion of selected export crops; increasing of agro-ecological zones; training of youthful population to transition from subsistence to commercial agriculture; improving irrigated farming opportunities; improvement livestock techniques; increasing artisanal fisheries’ efficiency, and eliminating the smuggling of fish by instituting policies for freshwater, deep sea, and coastal fishing to curb illegal fishing; reducing desertification; revitalising fertilisers production; separation of commercial seeds production from grain production; exploration and assessment of the quantum of minerals deposits; increasing the production capacity of mineral and mining sector; addressing food security and nutrition issues, such as: insufficient food consumption, ignorance of dietary requirements, poor food preservation techniques, children malnutrition; reducing contamination of groundwater and surface water; increasing water resources management, and efficiency in public water corporations activities, in order to improve water supply; ensuring access to safe drinking water; expanding access to sanitation services; improvement of disposal of household and industrial waste; adequate funding of environmental programmes and projects; increasing institutional capacity to manage environmental disasters; promotion of targeted strategies concerning: green economy, circular economy, and climate smart technologies.
Attached files
Web site
Date of text
Repealed
No
Publication reference
The Federal Ministry of Finance, Budget and National Planning.
Source language
English
Legislation Amendment
No