The Federal Government is targeting 6.3 per cent rate, 7 per cent economic growth and 0.3 per cent poverty rate by 2050.
This was disclosed by the Minister of Budget and National Planning, Clem Agba, during a pre-National Economic Summit press conference held in Abuja on Wednesday.
Agba said the Nigeria Agenda 2050, which was developed by the current administration, was designed to transform the country into an upper middle-income developing country with a per capita income of $33,000.
On the other hand, he said, the National Development Plan 2021-2025 had the vision to unlock the potential of the country in all sectors of the economy for a sustainable, holistic and inclusive national development.
He said the Nigeria Agenda 2050 would be implemented through a series of medium-term plans and annual budgets.
“The plan is meant to drastically bring poverty rate to 0.6 per cent and unemployment rate to 6.3 per cent while transiting the economy to the highest per capita GDP of the group of upper middle income economies,” he said.
He said sustained growth was key to eradication of poverty.
On the Nigeria Economic Summit, which will take place on November 14 and 15 in Abuja, the Minister said the Federal Government, represented by the Federal Ministry of Budget and National Planning, in very close collaboration with Nigeria Economic Summit Group, had been organising the annual Economic Summit in the past 27 years, noting that it had become a widely recognised platform for top policy makers and corporate leaders to interact and exchange ideas on contemporary socio-economic challenges with a view to proffering enduring solutions for policy action.
He said the theme of this year’s summit was, “2023 and Beyond: Priorities for Shared Prosperity,” stressing that “it was carefully chosen to discuss priorities for post-2023 on policies and programmes encapsulated in the National Development Plan, 2021-2025 and Nigeria Agenda 2025.”
Chairman of NESG, Asue Ighodalo, said the summit was targeted at deliberating on critical issues bedeviling the country, with a view to proferring solutions.