The Federal Government has disclosed plans to invest $100 billion in furtherance of efforts to tackle the country’s economic challenges.
Minister of Budget and Economic Planning, Atiku Bagudu, who disclosed this at the National Economic Dialogue 2024 organised by the Nigerian Economic Summit Group.
The event attended by leaders, policymakers, experts, and key stakeholders under the theme “Nigeria’s Economic Future: 25 Years of Democracy and Beyond”, was to reflect on the nation’s economic journey since the return to democratic rule in 1999.
In his address at the event, Bagudu said the recent nationwide protest against the bad governance in Nigeria has forced government officials to listen more and do better.
He noted that though the current economic situation is due to cumulative years of under-investment, the President Bola Tinubu led administration was committed to rewriting the wrongs to improve the country in the next 25 years.
“We want a nation that includes all. We want a higher per capita by the year 2050. We want to ensure that we invest not less than $100bn annually,” he added.
Chief of Staff to the President, Femi Gbajabiamila, said the country was battling various socio-economic challenges that threaten the existence of a national union but added that it is also a time of great opportunity when we can choose to answer the unsettled questions of our nationhood, “and in doing so, free our people to thrive here at home in a manner unlike ever before.”
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said the country must continue to strive and remain on the path of prosperity to achieve the necessary results.
