The President Muhammadu Buhari has launched the National Development Plan, NDP, 2021 to 2025 on Wednesday shortly before the commencement of the weekly virtual Federal Executive Council meeting at the Presidential Villa Abuja, the nation’s capital.
The NDP 2021-2025 was approved by the Council on November 10 this
year as the successor plan to the Economic Recovery and Growth Plan,
After the Plan was approved in November by the Council, the Minister
of Finance, Budget and National Planning, Zainab Ahmed said it is
structured around six clusters.
The clusters she said include economic growth and development,
infrastructure, public administration, human capital development, social
development and regional development.
She also noted that the Plan has been estimated to have an investment
size of N348.7 trillion over the period.
She said that the investment size of the Plan would be contributed by the
public sector at N49.7 trillion, representing 14.3% and the private sector
at N298.3 trillion, representing 85.7%, the Federal Government
expenditure component is N29.6 trillion, representing 8.5% of the total
expenditure size, while the sub-national governments would be
contributing N20.1 trillion, representing 5.8%.