The Federal Executive Council, FEC, has approved the 2011-2025 National Development Plan, NDP, which takes over the Economic Recovery and Growth Plan, ERGP.
The new plan has an investment size of N348.7 trillion to be contributed by the federal and state governments as well as the private sector.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this while briefing State House correspondent at the end of the council meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.
The Minister explained that the plan was structured on economic growth and development, infrastructure, public administration, human capital, social and regional development.
She said for the investment size, the public sector would contribute N49.7 trillion, while the private sector would chip in N298.3 trillion.
She also explained that the funding strategy would include broadening the tax base and expanding the capacity of the private sector through creating investment opportunities and delivering quality engagements and incentives.
