Nigeria needs a 30-year transformative perspective plan – Part 1

    Editor’s picks | Sep 23, 2024    
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The overall purpose of this two-part article is to make a strong case for a 30-year transformative perspective plan that will give Nigeria a quantum leap from economic doldrums to a vibrant, self-sustaining, and sustainable industrialised economy knocking on the door of a first-world economy or with its right foot firmly rooted in it, like Indonesia. It is a follow-up on two previous articles I did in this column earlier in the year: “The economic reform programme of President Tinubu: Need for a formal blueprint” (February 5, 2024); and “Depoliticise economic planning and management.” (February 12, 2024). What those two articles were essentially advocating was the need for the president to embrace formal economic planning beyond his 8-point agenda by updating and implementing the National Development Plan (NDP) 2021-2025 and depoliticise long-term (perspective) national planning by engendering an all-embracing national stakeholder buy-in into the “Nigeria Agenda 2050” perspective plan and enacting it into law as a basis for national economic and social development planning till the year 2050. The present recommendation of a 30-year perspective plan will necessarily extend the lifespan of the current Nigeria Agenda 2050 to 2055.

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