Nigeria to consolidate on economic reforms with 2026-2030 national development plan

The National Economic Council (NEC) has approved preparations for Nigeria’s next Medium-Term National Development Plan (MTNDP), which will run from 2026 to 2030.

Vice President Kashim Shettima chaired Thursday’s NEC meeting where the decision was taken.

The new plan is expected to serve as a bridge between the government’s ongoing reforms and the Nigeria Agenda 2050, the country’s long-term economic strategy.

Minister of Budget and Economic Planning, Atiku Bagudu, explained that the current plan ends in December 2025, making a seamless transition necessary.

“The 2026–2030 plan will consolidate existing reforms while responding to emerging socio-economic challenges,” Bagudu said.

“It will prioritize job creation, infrastructure, food security, human capital, and social protection.”

He added that the plan’s formulation would involve wide consultations with stakeholders, including all levels of government, political parties, the private sector, labour unions, youth groups, civil society, and traditional leaders.