The National Economic Council (NEC) has approved the Nigerian Medium-term National Development Plan for 2026–2030, named the Renewed Hope Economic Development Plan, aimed at advancing President Bola Tinubu’s ambition of achieving a $1 trillion economy.
The announcement was made by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, during a briefing with State House correspondents following the 151st NEC meeting, chaired by Vice President Kashim Shettima, on Thursday, August 28, 2025.
Bagudu stated that the Renewed Hope Plan will replace the current 2021–2025 framework, set to expire in December, and is anchored on Nigeria’s long-term Agenda 2050, developed in 2020 with input from the private sector, civil society, political parties, traditional institutions, and other stakeholders.
“The Renewed Hope Plan 2026–2030 will ensure policy continuity, consolidate ongoing reforms, and address emerging socioeconomic challenges,” Bagudu said.
The plan focuses on accelerating job creation, improving human capital, expanding sustainable infrastructure, enhancing food security, and strengthening social protection.
The NEC urged all states and stakeholders to actively participate to ensure inclusivity and drive accelerated economic growth under the new framework.
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