The federal government has stated that it is planning to create 21 million jobs and lift 35 million people out of poverty in its new National Development Plan (2021-2025).
The new plan is a successor to the Economic Recovery and Growth Plan 2017-2020. In a statement released by Laolu Akande, spokesperson to Vice-President, Osinbajo said the national economic council (NEC) received a presentation and memo on the draft of the development plan from the ministry of finance, budget, and national planning, at its meeting on Friday.
He said the presentation and memo were to acquaint the council with the linkage between the annual budget and plans. “The plan also targets an average of 5 percent GDP growth, the creation of 21 million jobs, and lifting 35million people out of poverty within the duration of the Plan,” the statement reads.
He described the plan as a mechanism to engage, empower and employ our teaming energetic youths; provide opportunities for young people, women, vulnerable people, etc., via mainstreaming; increase revenue to 15 percent of GDP by 2025 and decrease the budget deficit