MTNDP – The Commerce Africa https://thecommerceafrica.com African Reneissance Thu, 10 Sep 2020 08:41:32 +0000 en-US hourly 1 https://wordpress.org/?v=5.9 Nigeria Plans to Lift 100mn Citizens Out of Poverty in 10yrs https://thecommerceafrica.com/nigeria-plans-to-lift-100mn-citizens-out-of-poverty-in-10yrs/ https://thecommerceafrica.com/nigeria-plans-to-lift-100mn-citizens-out-of-poverty-in-10yrs/#respond Thu, 10 Sep 2020 08:41:31 +0000 http://thecommerceafrica.com/?p=1881 President Muhammadu Buhari Wednesday in Abuja inaugurated the National Steering Committee to oversee the development of the Nigeria Agenda 2050 and Medium-Term National Development Plan (MTNDP) to succeed Vision 20:2020 and the Economic Recovery and Growth Plan (ERGP) 2017 – 2020.

The National Steering Committee for the development of Successor Plans to Vision 20:2020 and ERGP will be jointly chaired by Mr Atedo Peterside and Dr (Mrs) Zainab Ahmed, the Minister of Finance, Budget and National Planning.

Speaking at the inauguration, President Buhari said:

”The main objectives of these Successor Plans are to lift 100 million Nigerians out of poverty within the next 10 years, particularly given the World Bank’s projection that Nigeria will become the world’s third most populous country by 2050 with over 400 million people.”

The President noted that it had become necessary to develop Successor Plans to the Nigeria Vision 20:2020 and the ERGP, which both lapse in December this year, in order to ensure continuity and efficiency in the country’s development planning.

On the mandate of the National Steering Committee, President Buhari said it would oversee governance structure comprising the Central Working Group and 26 Technical Working Groups for the important national assignment.

”It is my expectation that the Steering Committee will oversee the execution of key deliverables, including recommending measures to ensure the continuous implementation of the Plans even after the expiration of the tenure of successive Administrations – including legislation, if required.

”Such legislation may introduce much-needed rigour and discipline to the nation’s development planning as well as institutionalise planned outcomes for the future. I trust that our partners in the National Assembly will support us in exploring these reforms, ” he said.

President Buhari urged the National Steering Committee not to lose sight of the important role Nigeria plays on the continent as well as in the global community.

He said the Successor Plans must, therefore, be designed to sustain national development, as well as support regional and global strategic interests, as outlined in the African Union Agenda 2063, the ECOWAS Integration Agenda 2050 and the Sustainable Development Goals 2030.

Underscoring the importance of national development planning, the President said if carefully conceived and diligently implemented, it can transform the economic fortunes of a nation.

”The Chinese experience is an example. It has resulted in lifting over 700 million people out of poverty over the last four decades.

”Indeed, China’s track record of positive economic growth, since 1992, was only halted in the first quarter of 2020, due to onset of the COVID-19 Pandemic.

”COVID-19 presents the world – and Nigeria – with a crisis as well as an opportunity. The current global health and economic crises give us an opportunity to think afresh and chart an optimal path forward, ” he said.

The President recalled that in February 2017 when he launched the Economic Recovery and Growth Plan, its objectives included, restoring and sustaining growth, investing in people and building a globally competitive economy.

On the other hand, he said Nigeria’s Vision 20:2020 was an articulation of the long-term intent to launch Nigeria onto a path of sustained socio-economic development.

”The ERGP shared this vision, which ensured that the country exited recession in 2017 and sustained growth in Gross Domestic Product until the recent global economic challenges occasioned by COVID-19.

”Over the decades, successive planning and visioning exercises have guided investment in human capital development, the implementation of our infrastructural roadmap, and supported social investment in our people’s lives and livelihoods, ” he said.

The President wished the committee success in its assignment, adding that he looked forward to receiving regular reports of deliberations.

On the composition of the committee, the President said in order to ensure a truly consultative, participatory and inclusive planning process, the membership will comprise representatives of one State governor from each of the six geopolitical zones, the Senate and House of Representatives, ministers and representatives of key agencies.

Other members of the National Steering Committee are major political parties, ALGON, captains of industries, Labour Organizations, youth organizations and women’s societies, farmers’ associations, traditional and religious leaders, people with special needs and members of the press.

”At the heart of the Successor Plans is the partnership between the public and private sectors, with Government as the enabler of private sector investment and industry,” the President said.

In her remarks, the Minister of Finance, Budget and National Planning, Dr Ahmed noted that lately, various zones of the country have been pursuing different economic cooperation within their areas.

She, therefore, urged that the new Plans consider the comparative advantages available in these regional blocs to build a virile Nigeria.

”Although the two National Plans are on their way out, the question that will remain on the lips of Nigerians and which we must be ready to provide an answer with little or no prompting as we progress with the preparation of the successor Plans, is how much the Plans have transformed Nigerian economy.

”As the National Steering Committee for the preparation of the new Plans, we must therefore strive to give hope to the great citizens of this country with the quality of Plans that we are coming up with, ” she said.

Also speaking, the co-chair Mr Peterside pledged to work as a team, commending the President for making the Committee very inclusive.

”For a development plan to be successful, it has to be inclusive, people should be consulted, own it and believe it is working for them,” he said.

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Nigeria to Develop 50yrs Development Plan https://thecommerceafrica.com/nigeria-to-develop-50yrs-development-plan/ https://thecommerceafrica.com/nigeria-to-develop-50yrs-development-plan/#respond Thu, 09 Jul 2020 06:00:00 +0000 http://thecommerceafrica.com/?p=967 The Federal Government of Nigeria has announced its move to develop fifty years development plan titled ”Agenda 2050 and a Medium-Term National Development Plan (MTNDP) 2021-2025 to coordinate sectoral approaches.

The Minister of State, Federal Ministry of Finance, Budget and National Planning, Mr Clement Agba made this known while inaugurating a Central Working Group(CWG) for the programme on Wednesday in Abuja.

This is contained in a statement issued by the ministry’s Director of Information, Mrs Imaobong Udoh.

The MTNDP is being designed to succeed the current Nigeria Vision 20:2020 and the Economic Recovery and Growth Plan (ERGP) terminating in December, 2020.

On the other hand, the Agenda 2050 is a long-term perspective plan.

Agba said that the CWG would coordinate sectoral approaches to interventions for joint implementation of the plans.

He said that the adopted approach would address anticipated challenges for preparing an evidence-based national development plan, long-term vision document as well as make recommendations to the ministry for implementation.

According to the minister, the group’s assignment includes to refine the scope where necessary, provide leadership, establish the strategy and schedule for the project.

“They are also to develop management plans, including a monitoring evaluation framework and the structure for national planning process.”

Agba said that the group would convene high-level consultations where necessary designed to elicit commitment to national objectives for development.

The minister said that the group would prioritise policies, programmes, projects and interventions for Nigeria’s rapid economic development and recommend strategies to support effective implantation of identified development priorities.

“The CWG would coordinate progress reporting to the steering committee and serve as clearing house for information sharing among the various layers within the institutional arrangement for the plans.

“It will deliver key process outputs, including strategies for effective participation of states and non-state actors in the preparation and implementation of the plans.” Agba said.

The minister said that they would develop detailed documentation of programme for collaborative implementation with States, LGAs and non- and ensure that the final plan documents MTNDP 2020-2025 and 2050 meet the standard quality of good development plan that could be showcased anywhere in the world. (NAN)

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