The Federal Government has approved the preparation of a new medium-term national development framework, tagged the Renewed Hope Plan 2026–2030, which is designed to consolidate ongoing reforms and set Nigeria on the path towards becoming a $1 trillion economy.
The new plan will replace the current 2021–2025 development framework which expires in December. It is part of Nigeria’s 30-year development agenda that runs until 2050 and will serve as a bridge between ongoing reforms and the long-term goals of the Agenda 2050 blueprint.
According to the briefing presented at the Federal Executive Council, the Renewed Hope Plan will focus on accelerating job creation, boosting food security, improving human capital, strengthening social protection systems, and expanding sustainable infrastructure across the country. Government officials noted that the plan will not only consolidate current economic reforms but also respond to emerging challenges in a fast-changing global environment.
The Minister of Finance and Coordinating Minister of the Economy explained that work on the plan will commence immediately to ensure it is ready for launch by President Bola Ahmed Tinubu before the end of the year. Once unveiled, the framework will guide federal, state, and local governments, as well as the private sector, in aligning their programs and projects with the national growth target.
ALSO TRENDING:
Nigeria Battles New Polio Variant After Being Declared Polio-Free in 2020
the Minister also provided updates on government account balances, disclosing that the Excess Crude Account currently stands at $535,823.39, the Stabilization Account at ₦78.45 billion, and the Natural Resources Account at ₦106.72 billion.
WATCH FULL VIDEO ON SYMFONI TV
The Federal Government stressed that the Renewed Hope 2026–2030 plan is not just about sustaining reforms but about laying the foundation for Nigeria to attain a $1 trillion economy within the decade. With stronger policies, increased investments, and improved governance, the plan is expected to create opportunities, reduce poverty, and position Nigeria as one of the fastest-growing economies in the world
