President Muhammadu Buhari has said that Nigeria requires an investment size of 348.1 trillion naira to achieve the targets set out in its five-year National Development Plan NDP from 2021 to 2025.
The projected investment portfolio, he said, would be contributed by the government which would source for 14.3 per cent of the amount, while the balance of 85.7 per cent would come from the private sector.
The president spoke, at Abuja, during the formal launch and public presentation of the NDP, the successor to the Economic Recovery and Growth Plan ERGP, 2017- 2020, which lapsed in December 2020.
According to him, the overall target of the plan was to achieve a broad-based real Gross Domestic Product GDP growth rate of five per cent on average during the Plan period; generate 21 million full-time jobs; and through an inclusive growth, lift 35 million people out of poverty.
He added that this would set the stage for achieving the government’s target of lifting 100 million Nigerians out of poverty in 10 years, under the National Poverty Reduction with Growth Strategy.
