The Federal Government of Nigeria, under the leadership of Minister of Budget and Economic Planning Atiku Bagudu, has announced an ambitious plan to invest $100 billion annually to address the nation’s economic challenges. This initiative aims to boost the country’s economic growth and development over the next 25 years.
Bagudu emphasized the need for substantial public resources to meet national priorities, highlighting past underinvestment as a key factor in the country’s stunted growth.
The Minister acknowledged that while previous governments made efforts, the current economic conditions and population growth demand more significant investments and policy reforms.
Additionally, Chief of Staff to the President, Femi Gbajabiamila, pointed out the socio-economic challenges threatening Nigeria’s unity, urging for stronger collaboration between the government and other stakeholders.
The National Economic Dialogue 2024, organized by the Nigerian Economic Summit Group in Abuja, served as a platform for policymakers and experts to reflect on Nigeria’s economic progress since 1999 and to discuss strategies for the future.
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- The discussions underscored the importance of maintaining a consistent policy direction and addressing inflation, particularly in food prices, as key components of the government’s plan to improve the standard of living for Nigerians.
