National Annual Development Plan 2024/25.

The National Annual Development Plan for 2024/25 (NADP-2024/25) is the fourth in the series of implementing the Third National Five-Year Development Plan (2021/22–2025/26). Its primary objective is to complete flagship and strategic development programs and projects that are nearing completion, particularly those expected to generate significant multiplier effects in the economic and social sectors. At the macroeconomic level, the NADP-2024/25 aims to (i) increase the Real Gross Domestic Product (GDP) growth rate to 5.4 percent in 2024, up from 5.1 percent in 2023; (ii) maintain inflation within a single-digit range, averaging between 3.0 and 5.0 percent over the medium term; (iii) raise domestic revenue to 15.8 percent of GDP in 2024/25, compared to a projected 15.4 percent in 2023/24; (iv) increase tax revenue to 12.9 percent of GDP in 2024/25, from 12.6 percent in 2023/24; (v) maintain the budget deficit (including grants) at no more than 3.0 percent of GDP; (vi) ensure foreign exchange reserves remain sufficient to cover at least four months of imports of goods and services. To achieve the targets and objectives, the Plan focuses on 5 priority areas, as identified in the Third National Five-Year Development Plan 2021/22- 2025/26. These areas are (1) Realizing an Inclusive and Competitive Economy; (2) Deepening Industrialization and service provision; (3) Investment and Trade Promotion; (4) Human Development; (5) Skills Development. In addition, more emphasis has been placed on finalizing the implementation of flagship and strategic projects in the sectors of transport and logistics, energy, communications, and water.
The main strategies by priority sectors are as follows (i) Energy sector: Prioritize projects on electricity generation, transmission, and distribution; rural electrification; oil and gas exploration; natural gas distribution to industries, institutions, and households; and promote CNG use in vehicles; (ii) Manufacturing sector: Enhance the industrial production environment and promote investment in special economic zones. Key actions include technology transfer and local production of spare parts (e.g., clean cooking stoves); supporting research and innovation; increasing use of local raw materials and modern equipment; encouraging investment in high-demand industries like pharmaceuticals, textiles, and cement; and strengthening technology centers and entrepreneur training; (iii) Agricultural sector: Increase productivity through research on quality seeds; create decent jobs and boost youth and women’s participation; improve access to land and establish large farms; subsidize fertilizers and pesticides; enhance food security and nutrition; improve access to markets, capital, and exports; strengthen cooperatives; and promote IT use in agriculture; (iv) Livestock sector: Improve livestock breeds with quality seeds; enhance access to pastures and water; expand youth and women employment via the BBT program; strengthen livestock health and extension services; develop livestock markets, slaughterhouses, and milk collection centers; support youth investment centers; boost veterinary research and training; promote value addition and trade; expand livestock processing industries through private investment; improve livestock identification and registration; and encourage exports of livestock products; (v) Fishing industry: Enhance deep-sea fishing capacity; strengthen institutions supporting the blue economy; promote investment in fishing infrastructure, equipment, and aquaculture; improve extension services; support small-scale fishers, especially women, by improving access to capital, skills, and modern tools; and protect marine and cold-water ecosystems; (vi) Mining sector: Increase resource collection and the mining sector’s GDP contribution; promote mineral value addition and investment; advance technology for strategic mineral development; expand geoscience research; and support small-scale miners through improved extension services; (vii) Environmental conservation and management: Improve environmental infrastructure; enforce relevant policies and laws; collaborate with the private sector; promote blue economy initiatives and renewable energy; ensure sustainable use of natural resources; reduce pollution; and enhance the economic role of the beekeeping subsector; (viii) Water sector: Construct, rehabilitate, and expand water supply and sanitation projects in rural and urban areas; strengthen environmental and water source conservation; and continue building strategic reservoirs to address climate change impacts; (ix) Land sector: Focus on land planning, surveying, and titling; resolve land disputes; enhance ICT use for land records and services; advance housing development projects; manage investment areas; and strengthen international boundaries.