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Agenda 2050: FG projects $33,000 per capita GDP

Business 360 by Business 360
May 4, 2023
in Economy
0

The President, Major General Muhammadu Buhari (retd.), on Wednesday, in Abuja, launched the Nigeria Agenda 2050, declaring that its implementation would “ensure that Nigeria attains a per capita GDP of $33,328 per annum to place her among the top middle-income economies globally by 2050.”

Buhari said the plan would also increase real GDP growth by seven per cent, create 165 million new jobs and reduce the number of Nigerians living in poverty to 2.1 million in 2050 from the 83 million estimated in 2020.

The launch occurred shortly before this week’s Federal Executive Council meeting held at the Council Chambers of the Presidential Villa, Abuja. It comes about seven weeks after FEC approved the policy document on March 15 and nearly three months after the National Economic Council endorsed the agenda.

At the launch, Buhari said, “The plan we are launching today has a vision of a dynamic, industrialised and knowledge-based economy that generates inclusive and sustainable development for the country.

“The broad target is to ensure that Nigeria attains a per capita GDP of $33,328 per annum that will place her among the top middle-income economies in the world by 2050.” SOURCE: PUNCH

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