The National Economic Council (NEC) has approved the Nigerian Medium-Term National Development Plan for 2026 to 2030, tagged the Renewed Hope Economic Development Plan.
The new framework is designed to consolidate ongoing reforms and advance President Bola Ahmed Tinubu’s vision of driving the nation toward a $1 trillion economy.
Briefing State House correspondents after the 151st NEC meeting chaired by Vice President Kashim Shettima, the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, disclosed that the new plan will replace the existing 2021–2025 development framework, which expires in December.
According to Bagudu, the Renewed Hope Plan draws from the Nigeria Agenda 2050, a long-term blueprint developed in 2020 with inputs from the private sector, civil society, political parties, traditional institutions and other key stakeholders.
He noted that the 2026–2030 plan will prioritize policy continuity while addressing emerging socioeconomic challenges.
“The Renewed Hope Plan 2026–2030 will ensure policy continuity, consolidate ongoing reforms, and respond to emerging socioeconomic challenges. It will accelerate job creation, improve human capital, expand sustainable infrastructure, enhance food security, and strengthen social protection,” the minister said.
Bagudu added that the Council has urged effective participation from all states and stakeholders to guarantee inclusivity and accelerate the nation’s growth trajectory.
